Sketchers is skyrocketing after stellar earnings

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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.

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