05:22 PM EDT, 10/24/2024 (MT Newswires) -- Skechers U.S.A (SKX) reported Q3 earnings late Thursday of $1.26 per diluted share, up from $0.93 a year earlier.

Analysts polled by Capital IQ expected $1.15.

Sales for the quarter ended Sept. 30 rose to $2.35 billion from $2.03 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.31 billion.

For Q4, the company expects EPS of $0.70 to $0.75 on sales of $2.17 billion to $2.22 billion.

The consensus is for $0.75 and $2.22 billion, respectively.

For 2024, Skechers now projects EPS at $4.20 to $4.25 on sales of $8.93 billion to $8.98 billion. In July, the company expected EPS of $4.08 to $4.18 on sales of $8.88 billion to $8.98 billion.

Analysts are looking for $4.15 and $8.93 billion, respectively.

The company's shares were up 7.1% in after-hours activity.

Price: 66.00, Change: +4.37, Percent Change: +7.09