Investing.com - Skechers reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Skechers announced earnings per share of $0.64 on revenue of $1.88. Analysts polled by Investing.com EPS of $0.73 on revenue of $1.81B.
Skechers 's are down 37% and is trading at $32.14 , still down 29.29% from its 52 week high of $50.81 set on Friday, October 29, 2021.
Skechers shares lost 10.55% to trade at $32.14 in after-hours trade the report.
Skechers follows other major Consumer Discretionary sector earnings this month
Skechers's report follows an earnings beat by Tesla on Wednesday, October 19, 2022, who reported EPS of $1.05 on revenue of $21.45B, EPS of $1.03 on revenue of $22.5B.
Nike had beat expectations on Thursday, September 29, 2022 with first quarter EPS of $0.93 on revenue of $12.69B, for EPS of $0.922 on revenue of $12.28B.
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