Skechers stock soars 7% after earnings crush estimates and company offers upbeat guidance
Skechers Inc.’s stock soared 7% in after-hours trade Thursday, after the athletic footwear company swept past earnings estimates for the first quarter.
One month through this year’s second quarter earnings season, analysts are getting cautiously more optimistic about corporate America’s profitability.
Stocks generally produce most of their returns during the six months of the year from Nov. 1 to April 30.
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