EARNINGS ROUNDUP / SKECHERS USA
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.