Citi Downgrades Skechers USA (SKX) to Neutral

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Go back to Citi Downgrades Skechers USA (SKX) to Neutral

SKECHERS Announces Third Quarter 2016 Financial Results

October 20, 2016 4:01 PM EDT

MANHATTAN BEACH, Calif.--(BUSINESS WIRE)-- SKECHERS USA, Inc. (NYSE: SKX), a global footwear leader, today announced financial results for the third quarter ended September 30, 2016.

Quarterly Highlights

Record third quarter net sales of $942.4 million, an increase of 10.1 percent Earnings from operations of $103.4 million Net earnings of $65.1 million Diluted earnings per share of $0.42

Skechers achieved a new third quarter sales record for the period, and... More