Skechers USA Inc Reports Increase In Q1 Income, Beats estimates

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.

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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