Skechers has rosy outlook on the fourth quarter after seeing third quarter profit surge on strong back-to-school sales.

Skechers USA Inc., reported third-quarter net income of $22.2 million (49 cents per share), up 43 percent from $12.6 million (30 cents) for the same period a year earlier well above the Wall Street estimate of 40 cents a share.

Sales for the Manhattan Beach-based shoe maker surged 21 percent to $331 million. It credited a strong back-to-school season as well as a nonrecurring tax gain, which boosted earnings by 3 cents per share.

Skechers forecasted fourth-quarter earnings between 22 cents and 27 cents a share well ahead of analysts’ forecasts of 17 cents a share.

Shares in Skechers closed up 35 cents to $27.05 Wednesday.