Skechers shares drop after results fall short of Street targets

Skechers USA Inc. shares dropped in the extended session Thursday after the shoe maker fell short of Wall Street estimates for the quarter. Skechers shares fell 12% to $28.30 after hours. The company reported second-quarter earnings of 48 cents a share on revenue of $877.8 million. Analysts surveyed by FactSet had estimated earnings of 52 cents a share on revenue of $888.9 million.

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