Recap: Skechers USA Q4 Earnings
Portfolio Pulse from Benzinga Insights
Skechers USA (NYSE:SKX) reported Q4 earnings, beating estimated earnings by 3.7% with an EPS of $0.56 versus an estimate of $0.54. Revenue increased by $82.00 million from the same period last year. Despite beating EPS estimates in the past, such as last quarter's beat by $0.14, the share price dropped by 1.45% the next day.
February 01, 2024 | 9:15 pm
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Skechers USA reported a positive Q4 earnings surprise with an EPS of $0.56, beating estimates by 3.7% and showing significant revenue growth from the previous year.
The positive earnings report, with a beat on EPS estimates and a significant year-over-year revenue increase, typically signals strong company performance and could lead to a positive short-term impact on SKX's stock price. However, it's important to note that despite past earnings beats, SKX experienced a drop in share price the following day last quarter, indicating that market reaction can be unpredictable.
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