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Industrials Headlines

UPDATE 1-Skechers quarterly results disappoint, shares fall

Skechers USA Inc missed analyst estimates for quarterly profit and revenue on Thursday, hit by a drop in sales at its domestic wholesale business and international distributor unit, sending the shoe maker's shares down nearly 23 percent after market.

CORRECTED-Skechers quarterly sales miss estimates

Footwear maker Skechers USA Inc missed estimates for quarterly sales on Thursday, due to a drop in sales at its domestic wholesale business and international distributor unit, sending the company's shares down nearly 23 percent after market.

Fiat Chrysler kicks off Magneti Marelli spin-off

Fiat Chrysler (FCA) has kicked off its planned spin-off of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, a document outlining initial plans and seen by Reuters showed.