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Skechers Stock Rallies in After-Hours Trading on 4Q Sales Beat

Shares of Skechers USA (SKX) rose 5.67% to $24.60 in after-hours trading on Thursday after the athletic footwear maker reported fourth-quarter revenue and comparable-store sales that topped analysts' expectations.

Revenue rose 5.8% to $764.3 million year-over-year and surpassed analysts' forecasts of $723.7 million. Comparable-store sales increased 3.6%, while analysts had expected flat results.