Skechers USA Inc (SKX) released a profit for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $193.22 million, or $1.26 per share. This compares with $145.42 million, or $0.93 per share, in last year's third quarter.
Excluding items, Skechers USA Inc reported adjusted earnings of $185.0 million or $1.20 per share for the period.
Analysts on average had expected the company to earn $1.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 16.0% to $2.347 billion from $2.024 billion last year.
Skechers USA Inc earnings at a glance (GAAP) :
-Earnings (Q3): $193.22 Mln. vs. $145.42 Mln. last year.-EPS (Q3): $1.26 vs. $0.93 last year.-Revenue (Q3): $2.347 Bln vs. $2.024 Bln last year.
-Guidance:Next quarter EPS guidance: $0.70 - $0.75Next quarter revenue guidance: $2.165 - $2.215 BlnFull year EPS guidance: $4.20 - $4.25Full year revenue guidance: $8.925 - $8.975 Bln
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