Skechers U.S.A (SKX) reported Q3 earnings late Thursday of $1.26 per diluted share, up from $0.93 a year earlier.
Analysts polled by Capital IQ expected $1.15.
Sales for the quarter ended Sept. 30 rose to $2.35 billion from $2.03 billion a year earlier.
Analysts surveyed by Capital IQ expected $2.31 billion.
For Q4, the company expects EPS of $0.70 to $0.75 on sales of $2.17 billion to $2.22 billion.
The consensus is for $0.75 and $2.22 billion, respectively.
For 2024, Skechers now projects EPS at $4.20 to $4.25 on sales of $8.93 billion to $8.98 billion. In July, the company expected EPS of $4.08 to $4.18 on sales of $8.88 billion to $8.98 billion.
Analysts are looking for $4.15 and $8.93 billion, respectively.
The company's shares were up 7.1% in after-hours activity.
Price: 66.00, Change: +4.37, Percent Change: +7.09
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.