Skechers USA Q4 EPS $0.56 Beats $0.54 Estimate, Sales $1.96B Miss $2.03B Estimate
Portfolio Pulse from bharat@benzinga.com
Skechers USA (NYSE:SKX) reported Q4 earnings of $0.56 per share, surpassing the $0.54 estimate, marking a 16.67% year-over-year increase. However, their Q4 sales of $1.96B fell short of the $2.03B estimate, despite being a 4.36% increase from the previous year.
February 01, 2024 | 9:12 pm
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Skechers USA reported higher-than-expected Q4 earnings per share but missed sales estimates, showing mixed financial performance.
The positive earnings surprise could support investor confidence and potentially boost SKX's stock price in the short term. However, the miss on sales estimates might temper enthusiasm, leading to a neutral short-term impact. The mixed results present a balanced view, with the earnings beat indicating operational efficiency and the sales miss highlighting possible market challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100