Skechers USA (SKX) stock plunges on soft 2024 outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Skechers USA (SKX) shares drop as FY24 guidance disappoints
February 2, 2024 7:30 AM ESTSkechers USA (NYSE: SKX) shares tumbled more than 10% Friday after the company's latest quarterly earnings report missed revenue and guidance expectations.
The footwear company reported fourth-quarter earnings of $0.56 per share after the close on Thursday, $0.01 better than the analyst estimate of $0.55 per share, while revenue for the quarter came in at $1.96 billion, below the... More
Skechers USA (SKX) Tops Q4 EPS by 1c, offers guidance
February 1, 2024 4:09 PM EST(Updated - February 1, 2024 4:45 PM EST)
Skechers USA (NYSE: SKX) reported Q4 EPS of $0.56, $0.01 better than the analyst estimate of $0.55. Revenue for the quarter came in at $1.96 billion versus the consensus estimate of $2.04 billion.
GUIDANCE:
Skechers USA sees FY 2024... More
