Skechers USA shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY23 EPS guidance above estimates. Also, the company raised its FY24 revenue guidance with its midpoint above estimates.
Portfolio Pulse from Benzinga Newsdesk
Skechers USA shares rose following the release of strong Q3 financial results, surpassing expectations. The company also increased its FY23 EPS guidance and FY24 revenue guidance, both above estimates.
October 24, 2024 | 8:35 pm
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Skechers USA reported better-than-expected Q3 results, leading to a rise in share prices. The company also raised its FY23 EPS and FY24 revenue guidance above estimates.
The positive Q3 results and raised guidance indicate strong financial performance and future growth potential, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100