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Skechers USA Inc. (SKX) Has Jumped To A New High On Strong Q2 Results

Skechers USA Inc. (SKX) reported second quarter EPS of $0.68 after the close Wednesday, up from $0.14 in the prior year period. The consensus estimate was for EPS of $0.40.

Skechers USA gapped open sharply higher Thursday morning and is now up 4.09 at $52.50. The stock has risen above nearly a 2-month range and has set a new high for the year.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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