Ugg Brand Owner Decker Shares Rally On Earnings, Sales Beat
Decker Outdoor Corp. shares rallied in the extended session Thursday after the owner of the Ugg boots brand topped Wall Street estimates for the quarter. Decker shares surged 15% to $59.55. The company reported fiscal second-quarter earnings of $1.11 a share on revenue of $506.2 million. Analysts surveyed by FactSet had estimated $1.06 a share on revenue of $485.3 million. Decker forecast earnings for the year of about $5.18 a share, compared with the consensus estimate of $5.12 a share.
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