Skechers USA Inc (SKX) revealed earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $206.6 million, or $1.33 per share. This compares with $160.4 million, or $1.02 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.5% to $2.25 billion from $2.00 billion last year.
Skechers USA Inc earnings at a glance (GAAP) :
-Earnings (Q1): $206.6 Mln. vs. $160.4 Mln. last year.
-EPS (Q1): $1.33 vs. $1.02 last year.
-Revenue (Q1): $2.25 Bln vs. $2.00 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.85 - $0.90
Next quarter revenue guidance: $2.175 - $2.225 bln
Full year EPS guidance: $3.95 - $4.10
Full year revenue guidance: $8.725 - $8.875 bln
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