Skechers shares dive, GE shares on a downturn and V.F. Corp shares on the rise
Let’s check out the Yahoo Finance charts of the day.
Skechers (SKX ): Shares are down in early trade, at around 24.6%. The footwear company fell 5 cents a share shy of Street forecasts with a quarterly profit of 36 cents per share. Skechers missed earnings despite record sales that were slightly above estimates.
GE (GE ): Shares down here, at about 3.9%. GE revenue came in above consensus and the company reported an adjusted second-quarter profit of 19 cents per share. GE’s weakness in power and renewable energy offset gains in its aviation, oil and gas and healthcare units.
V.F. Corp (VFC): Shares up here, around 2.7%. The parent company of clothing brands such as Wrangler and North Face beat estimates by 10 cents a share with an adjusted quarterly profit of 43 cents per share. The company raised its full-year forecast as it sees sales strength across its brands and markets.
For more on today’s big stock movers check out the Final Round, live at 3:55 p.m. ET, right here on Yahoo Finance.