Why Skechers Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2024
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Source: Business Insider
- Skechers U.S.A., Inc. reported mixed fourth-quarter financial results, with revenue missing estimates but earnings beating expectations.
- Skechers shares fell 6.9% in response to the results.
- Several other stocks experienced gains in mid-day trading, including Intelligent Bio Solutions, Minim, and Remark Holdings.
- On the other hand, Cingulate, MedAvail Holdings, and Scienjoy Holding Corporation were among the stocks that saw losses.
- Apple Inc. reported better-than-expected earnings and revenue for its first quarter, but experienced a decline in revenue in China.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
