Skechers USA Inc. (SKX), on Wednesday reported a profit in the first quarter of $6.6 million, or $0.13 per share, compared to a loss of $3.6 million, or $0.07 per share in the comparable quarter prior year.
On average, 4 analysts polled by Thomson Reuters expected earnings of $0.19 per share for the quarter. Analysts' estimates typically exclude one-time items.
Meanwhile, revenue for the latest quarter totaled $451.62 million, up from $351.27 in the year-ago quarter, while analysts expected to see revenues of $443.21 million for the current quarter.
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