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Skechers Stumbles After Q3 Miss

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Skechers USA Inc (NYSE: SKX) shares are trading lower by $16 (or 34 percent) at $30.18 in Friday's session. The issue is being punished for a Q3 miss of $0.12 for EPS and shy on revenues by $20 million.

After being stomped on in after-hours and pre-market 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 is attempting to hold above the $30 level.

 

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Posted-In: Intraday Update Movers