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.

The company's shares were trading at $25.60 after it also forecast disappointing third-quarter profit and revenue.

Skechers said it expects third-quarter sales between $1.20 billion and $1.23 billion, missing analysts' estimate of $1.26 billion, according to Thomson Reuters I/B/E/S.

The company also forecast profit in the range of 50 cents to 55 cents per share for the current quarter, also missing estimates of 68 cents.

Same-store sales at company-owned stores was up 4.5 percent for the second quarter, missing analysts' estimate of 5.20 percent, according to Consensus Metrix.

Skechers said its domestic wholesale business fell 7 percent as it continues to scale back inventories at department stores and other mass retailers.

The company's international distributor business, through which it sells its good in overseas markets, also fell 6.1 percent.

Net earnings attributable to Skechers fell to $45.3 million, or 29 cents per share, in the second quarter ended June 30, from $59.5 million, or 38 cents per share, a year earlier.

Excluding items, the company earned 36 cents per share in the reported quarter, missing estimates by 5 cents.

Sales rose 10.6 percent to $1.13 billion, also missing estimates of $1.14 billion. (Reporting by Nivedita Balu in Bengaluru)

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