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. The company exceeded expectations and increased its FY23 EPS and FY24 revenue guidance, with the latter's midpoint surpassing estimates.
October 25, 2024 | 12:01 pm
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Skechers USA shares increased due to better-than-expected Q3 results and raised FY23 EPS and FY24 revenue guidance, with the latter's midpoint above estimates.
The positive Q3 results and upward revision of FY23 EPS and FY24 revenue guidance indicate strong financial performance and future growth prospects, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100