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EARNINGS ROUNDUP / SKECHERS USA

Times Wire Reports

Footwear maker Skechers USA Inc. swung to a loss in its fourth quarter as the company slashed prices to unload inventory.

The Manhattan Beach company posted a loss of $20.4 million, or 44 cents a share, compared with a profit of $12.1 million, or 26 cents, a year earlier. Revenue fell 1% to $298.1 million.

Skechers shares fell 8 cents to $6.92.


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