Sketchers is skyrocketing after stellar earnings

Markets Insider

    Sketchers is skyrocketing after reporting earnings, trading up 37.20% on Friday. The company reported adjusted earnings of $0.59 per share, easily beating the Wall Street consensus of $0.43. Revenue also beat, coming in at $1.095 billion compared to expectations of $1.068 billion. It was a record quarter for net sales, which were 19% higher than the previous record. The company said international growth was the biggest driver.

To see a live chart of Sketchers’ stock price, click here.