Skechers USA Inc. (NYSE:SKX), which has lately been grappling with the clearance of its excess toning inventory, is now showing some signs of stability as evident by its better-than-expected first-quarter 2012 results.
The company delivered a quarterly loss of 7 cents a share that fared far better than the Zacks Consensus Estimate of loss of 27 cents, and showed a substantial improvement from a loss of 54 cents incurred in the fourth quarter of 2011. The company had earned 24 cents in the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards