Skechers Slips On Light Q2 Guidance

Skechers USA (SKX) is falling Friday, after light guidance overshadowed a better-than-expected first quarter.

The footwear firm said it earned 60 cents a share on revenue that rose 9.6% year over year to $1.07 billion. Analysts were looking for earnings per share of 55 cents on revenue of $1.06 billion.

Source: Barrons

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