Skechers, Deckers, Norfolk Southern, L3Harris Technologies: After-hours movers
It's earnings season, meaning lots of companies are seeing some moves in after-hours trading. Skechers (SKX) reported mixed second quarter results. Adjusted earnings of $0.97 per share topped the estimate of $0.95. Net sales, however, fell short, $2.16 billion compared to the expectation of $2.23 billion. The company also raised its full-year guidance and announced a $1 billion share repurchase plan. Deckers Outdoors (DECK) popped in after-hours trading. The footwear company reported Q1 results that topped estimates, with net sales of $825.3 million coming in better than the $807.8 million Wall Street was expecting. Deckers also raised its full-year profit forecast. Norfolk Southern (NSC) rose after its second quarter adjusted earnings per share of $3.06 beat the Street estimate of $2.87. L3Harris Technologies (LHX) posted a better-than-expected profit in Q2, while revenue of $5.30 billion matched expectations. The defense company also raised its full-year guidance. For more expert insight and the latest market action, click here to watch this full episode of Asking For A Trend. This post was written by Stephanie Mikulich.
