Weak Sales Hurt Skechers 4Q
Skechers USA Inc. (NYSE:SKX) posted sluggish fourth-quarter 2011 results. The company delivered a quarterly loss of 54 cents a share compared with earnings of 7 cents a share in the prior-year period, dragged by weak top-line performance. The analysts polled by Zacks had estimated a loss of 23 cents a share. On a reported basis, [...]
Skechers USA Inc. (NYSE:SKX) posted sluggish fourth-quarter 2011 results. The company delivered a quarterly loss of 54 cents a share compared with earnings of 7 cents a share in the prior-year period, dragged by weak top-line performance. The analysts polled by Zacks had estimated a loss of 23 cents a share.
On a reported basis, including one time items, Skechers delivered a loss of $1.18 per share.
Let’s Dig Deep
Skechers, which competes with Deckers Outdoor Corporation (NASDAQ:DECK) and Nike Inc. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards