Skechers falls after withdrawing annual outlook due to tariff uncertainty
ReutersApr 24, 2025 8:25 PM
** Shares of footwear maker Skechers SKX.N fall 8.21% to $46.25 in after market trade
** Co says it is withdrawing previous annual forecast due to macroeconomic uncertainty stemming from global trade policies
** It previously expected annual sales of $9.70 billion to $9.80 billion
** Posts Q1 sales of $2.41 billion compared to estimates of $2.43 billion, according to data compiled by LSEG
** Stock down ~25% YTD
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
"Five Sins" of Trump 2.0's First 100 Days: How a Pro-Business President Undermines "America First"?
TradingKey - U.S. President Donald Trump is approaching the 100-day mark of his second term on April 30. However, sharp declines in U.S. stocks, bonds, and the dollar, alongside rising recession forecasts from Wall Street, reflect widespread dissatisfaction with his administration’s performance.TradingKey
4 hours ago
[Reuters Analysis] Japan is a test case for Trump's tariff deals. But talks may be tortuous.
TOKYO/WASHINGTON, April 25 (Reuters) - When Tokyo's top trade negotiator met U.S. President Donald Trump for tariff talks at the White House earlier this month, he presented him with a gold-coloured piggy bank.Reuters
10 hours ago
Google’s AI Reset: Why Q1 Could Trigger a Valuation Rerate
TradingKey - Alphabet’s Q1 2025 results make it official, that transition into an AI-first infrastructure platform is not theoretical anymore, it’s commercial. Irrespective of a crowded generative AI race and growing scrutiny of its market dominance, Alphabet’s stack of complete AI, monetized at scaTradingKey
Sun, Apr 27
