Deckers Outdoor Shares Surge On Surprise Profit, Outlook

By Wallace WitkowskiMarketsMarketWatch Pulse

Deckers Outdoor Corp. shares surged in the extended session Thursday after the maker of Ugg boots posted an unexpected profit for the quarter. Deckers shares jumped 12% to $63.50 after hours. The company reported adjusted fiscal fourth-quarter earnings of 11 cents a share on revenue of $369.5 million. Analysts surveyed by FactSet had estimated a loss of 6 cents a share on revenue of $357.6 million. Decker expects an adjusted first-quarter loss of $1.65 to $1.70 a share, and an adjusted profit of $3.95 to $4.15 a share for the year. Analysts estimate a first quarter loss of $1.75 and full-year earnings of $3.79 a share. The results and outlook come after some analysts have criticized Deckers's shopping of strategic alternatives citing weakness in the Ugg brand.

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