Skechers USA Inc (SKX) reported earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $121.2 million, or $0.77 per share. This compares with $98.6 million, or $0.63 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 27.3% to $1.82 billion from $1.43 billion last year.
Skechers USA Inc earnings at a glance (GAAP) :
-Earnings (Q1): $121.2 Mln. vs. $98.6 Mln. last year.
-EPS (Q1): $0.77 vs. $0.63 last year.
-Analyst Estimate: $0.72
-Revenue (Q1): $1.82 Bln vs. $1.43 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.50-$0.55
Next quarter revenue guidance: $1.75-$1.80 Bln
Full year EPS guidance: $2.75-$2.95
Full year revenue guidance: $7.2-$7.4 Bln
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