Skechers USA Q3 EPS $0.93 Beats $0.79 Estimate, Sales $2.02B Miss $2.03B Estimate
Portfolio Pulse from Happy Mohamed
Skechers USA reported Q3 earnings of $0.93 per share, beating the analyst consensus estimate of $0.79 by 17.72%. This is a 69.09% increase from the same period last year. However, the company's quarterly sales of $2.02 billion missed the analyst consensus estimate of $2.03 billion by 0.25%, though it's a 7.83% increase from last year.
October 26, 2023 | 8:13 pm
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Skechers USA's Q3 earnings beat estimates, but sales slightly missed expectations. Earnings per share and sales both increased YoY.
Skechers USA's Q3 earnings beat analyst estimates, which is positive for the stock. However, the company's sales slightly missed estimates, which could offset the positive impact of the earnings beat. Both earnings per share and sales increased compared to the same period last year, indicating overall growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100