Earnings from operations were $103.4 million, an increase of 8.1 percent over the third quarter of 2015. Net earnings decreased 2.2 percent to $65.1 million, while diluted net earnings per share for the third quarter were $0.42, compared with $0.43 in the prior year. The Companys diluted earnings per share for the third quarter of 2016 were negatively impacted by foreign currency translation and exchange losses of approximately $8.1 million, or $0.04 per diluted share. Read More The Companys effective tax rate increased to 24.2 percent in the quarter, and 19.9 percent for the first nine months. This was compared to a 17.7 percent third quarter effective tax rate and 21.3 percent nine-month effective tax rate in 2015. The Companys quarterly effective tax rate was higher than its รองเท้า เกาหลี ราคา ส่ง previous projected range of 17 to 22 percent, primarily due to differences between the actual and the projected mix of domestic and foreign earnings and (loss) before income taxes. Nine Month Financial Results Net sales were $2.80 billion, gross profit was $1.28 billion or 45.7 percent of net sales, and earnings from operations were $342.3 million. Net earnings were $236.8 million and diluted net earnings per share were $1.53 per share. Robert Greenberg, SKECHERS chief executive officer, commented: As we look to celebrate our 25th year in business, we continue to use our creativity, speed and scale to develop new product quickly that resonates with consumers around the world. Through the last few years we have seen and supported a natural progression, as international has become an even larger piece of our total business.
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