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REFILE-UPDATE 1-Skechers sales and earnings beat estimates, shares jump

2015-07-30 12:29:24| Footwear - Topix.net

Sports shoe maker and retailer Skechers USA Inc reported a better-than-expected 36 percent rise in quarterly revenue, helped by pent-up demand following the end of labor disruptions at U.S. West Coast ports that had held up imports, as well as increased shipments of back-to-school items. Skechers shares were up 14.5 percent at $147.03 in after-hours trading, adding nearly $1 billion to the company's market value of $6.68 billion as of Wednesday's close.

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