Skechers: 3Q Earnings Snapshot
MANHATTAN BEACH, Calif. (AP) _ Skechers USA Inc. (SKX) on Tuesday reported third-quarter net income of $103.1 million.
On a per-share basis, the Manhattan Beach, California-based company said it had net income of 67 cents.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The shoe company posted revenue of $1.35 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $1.34 billion.
For the current quarter ending in December, Skechers said it expects revenue in the range of $1.23 billion to $1.25 billion.
Skechers shares have risen 66% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $38.02, an increase of 35% in the last 12 months.
This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SKX at https://www.zacks.com/ap/SKX
BEDFORD, Mass. (AP) _ IRobot Corp. (IRBT) on Tuesday reported third-quarter profit of $35.5 million. The Bedford, Massachusetts-based company said it had profit of $1.24 per share. The results surpassed Wall Street expectations. The average estimate of
DALLAS (AP) _ Texas Instruments Inc. (TXN) on Tuesday reported third-quarter profit of $1.42 billion. The Dallas-based company said it had net income of $1.49 per share. The results surpassed Wall Street expectations. The average estimate of
BETHESDA, Md. (AP) _ Lockheed Martin Corp. (LMT) on Tuesday reported third-quarter net income of $1.61 billion. On a per-share basis, the Bethesda, Maryland-based company said it had profit of $5.66. The results exceeded Wall Street expectations.
ATLANTA (AP) _ United Parcel Service Inc. (UPS) on Tuesday reported third-quarter earnings of $1.75 billion. The Atlanta-based company said it had profit of $2.01 per share. Earnings, adjusted for non-recurring costs, came to $2.07
SAN JOSE, Calif. (AP) _ Cadence Design Systems Inc. (CDNS) on Monday reported third-quarter profit of $101.5 million. On a per-share basis, the San Jose, California-based company said it had net income of 36 cents. Earnings,
- TD Ameritrade Holding Corporation ( NASDAQ: AMTD) reported fourth-quarter 2019 adjusted earnings of $1.05 per share versus $0.98 per share expected. - Net revenues increased by 11% to $1.56 billion versus $1.47 billion expected. The
OMAHA, Neb. (AP) _ TD Ameritrade Holding Corp. (AMTD) on Monday reported fiscal fourth-quarter profit of $551 million. The Omaha, Nebraska-based company said it had earnings of $1 per share. Earnings, adjusted for one-time gains and
More News in Business
Bowen Hanes & Co Inc increased its stake in Nike (NKE) by 26.29% based on its latest 2019Q2 regulatory filing with the SEC. Bowen Hanes & Co Inc bought 75,355 shares
Skechers USA Inc. announced third-quarter earnings and sales that topped analysts' expectations. In its latest financial report for the period ended Sept. 30, the Manhattan Beach, Calif.-based footwear maker logged adjusted earnings per share of 71
Nike Inc. Chief Executive Mark Parker will hand the reins to former EBay Inc. head John Donahoe next year, with the athletic brand looking to a tech veteran to maintain growth in the e-commerce era. Donahoe
Even though Apple TV+ is debuting the same month as Disney+, Disney CEO Bob Iger said he is not worried about his competitor's lower price point - and he expects you won't care about it
CLOSE An image of the Nike HyperAdapt 1.0 is projected on a screen as Nike CEO Mark Parker speaks during a news conference, Wednesday, March 16, 2016, in New York. (AP Photo/Mary Altaffer) ORG