Revenue Update on Skechers USA Inc(NYSE:SKX)

Skechers USA Inc(NYSE:SKX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $877.81M. Analysts estimated a revenue of $892.06M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.52.

Skechers USA Inc (SKX) made into the market gainers list on Wednesdays trading session with the shares advancing 1.06% or 0.34 points. Due to strong positive momentum, the stock ended at $32.28, which is also near the day’s high of $32.62. The stock began the session at $32.15 and the volume stood at 19,27,138 shares. The 52-week high of the shares is $54.533333 and the 52 week low is $24.56. The company has a current market capitalization of $5,092 M and it has 15,77,49,270 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Jeffrey Greenberg (director) sold 10,000 shares at $30.15 per share price.Also, On May 31, 2016, Mark A Nason (Executive Vice President) sold 9,055 shares at $30.00 per share price.On May 31, 2016, Phillip Paccione (General Counsel & Secretary) sold 3,500 shares at $30.23 per share price, according to the Form-4 filing with the securities and exchange commission.

Skechers U.Skechers U.S.A. Inc. is a designer and marketer of Skechers-branded lifestyle footwear for men women and children and performance footwear for men and women under the Skechers GO brand name. The Company’s brands are sold through department and specialty stores athletic and independent retailers boutiques and internet retailers. In addition to wholesale distribution its footwear is available at its e-commerce site and its own retail stores. As of February 15 2015 the Company owned and operated 119 concept stores 146 factory outlet stores and 98 warehouse outlet stores in the United States and 51 concept stores 33 factory outlet stores and three warehouse outlet stores internationally.

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