Skechers stock slips 23% on weak guidance

Shares of the footwear giant Skechers plummeted more than 20% in the extended hours of trading due to weak guidance. The company’s earnings also failed to meet analyst estimates slipping nearly 24% over prior year, hurt mainly due to forex impacts and legal costs. However, topline improved 10% which was in line with the Street … Continue reading Skechers stock slips 23% on weak guidance