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Skechers falls by more than 20 percent after profit



Shoe manufacturer Skechers' stock dropped more than 20 percent in aftermarket trading on Thursday after reporting disappointing quarterly results and forecasting a weak outlook for the third quarter.

.2 to $ 1.225 billion in the third quarter and EPS of 50 cents to 55 cents per share. However, FactSet analysts expect earnings per share for the third quarter of 67 cents and revenues of $ 1.26 billion

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