Advertisement
Canada markets open in 4 hours 14 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7327
    +0.0003 (+0.05%)
     

  • CRUDE OIL

    83.61
    +0.04 (+0.05%)
     

  • Bitcoin CAD

    87,938.80
    +459.66 (+0.53%)
     

  • CMC Crypto 200

    1,389.77
    -6.77 (-0.48%)
     

  • GOLD FUTURES

    2,360.80
    +18.30 (+0.78%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,728.75
    +161.25 (+0.92%)
     

  • VOLATILITY

    15.59
    +0.22 (+1.43%)
     

  • FTSE

    8,105.86
    +27.00 (+0.33%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6819
    -0.0002 (-0.03%)
     

Skechers Runs Full Speed Ahead After Upgrade, Earnings Results

Investing.com

Investing.com - Shares of shoe company Skechers took off on Friday after the company reported strong second-quarter results and was upgraded by analysts at Wedbush.

Skechers jumped 13% in midday trade after reporting earnings of $0.49 per share, while sales rose 11% to $1.26 billion.

“We experienced growth in every region, with the biggest dollar increases coming from India, the Middle East and China, as well as in Mexico with the conversion of the business to a joint venture,” Skechers Chief Operating Officer David Weinberg said in a statement.

Analysts at Wedbush upgraded the shoemaker to outperform and raised its price target to $46 from $31 due to the strong results, according to published reports.

ADVERTISEMENT

Elsewhere, Nike (NYSE:NKE) inched up 0.1%, while Deckers Outdoor (NYSE:DECK) fell 0.4% and Crocs (NASDAQ:CROX) rose 1%.

Related Articles

Cummins makes offer for VW's large engines unit: sources

Turkey stocks higher at close of trade; BIST 100 up 0.28%

Exclusive: Apollo Global makes offer for France's Coface - sources