Skechers posts another disappointing quarter

2016-11-08T00:00:00

Skechers posted earnings for the third quarter that missed analysts' expectations, despite a new sales record. Net profits decreased by 2.2 percent from the year-ago quarter to $65.1 million, falling below analysts' forecasts. Profits were negatively impacted by foreign exchange losses of approximately $8.1 million. After Skechers reported its results, ...

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