Skechers U.S.A Stumbles After Q3 Miss

Skechers U.S.A.

shares are trading lower by $16 at $30.18 or 34 percent in Friday's session. The issue is being punished for a Q3 miss of $012 for EPS and shy on revenues by $20M. After being stomped on in after-hours and premarket trading the issue opened at $33.26 and had a brief pop to $33.52 before heading lower once again. So far, it has reached $29.55 and attempting to hold above the $30 level.