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NEW YORK (TheStreet) -- Shares of Skechers (SKX) - Get Skechers U.S.A., Inc. Class A Report are tanking by 14.48% to $27.52 in after-hours trading on Thursday, after the Manhattan Beach, CA-based footwear and apparel retailer posted worse-than-expected second quarter results after today's closing bell. 

The company reported earnings of 48 cents per share on revenue of $877.8 million. Analysts surveyed by Thomson Reuters projected earnings of 52 cents per share on revenue of $886.87 million.

Skechers posted earnings of 52 cents per share on revenue of $800.5 million for last year's second quarter. 

"The growth in the quarter was primarily attributable to a 34.6% increase in our international subsidiary and joint venture businesses and a 40.5% increase in our international company-owned Skechers retail stores," Skechers COO and CFO David Weinberg said in a statement.

Skechers expects to have more than 1,600 stores open by the end of 2016, including inaugural locations in Uruguay, Paraguay, Botswana and Sri Lanka. The company is also opening a store at One World Trade Center in New York, Skechers added.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

TheStreet Recommends

We rate SKECHERS U S A INC as a Buy with a ratings score of B. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full analysis from the report here: SKX

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