Deckers: Fiscal 3Q Earnings Snapshot

January 30, 2020 GMT

GOLETA, Calif. (AP) _ Deckers Outdoor Corp. (DECK) on Thursday reported fiscal third-quarter net income of $201.6 million.

The Goleta, California-based company said it had net income of $7.14 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $6.50 per share.

The maker of Ugg footwear posted revenue of $938.7 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $898.6 million.

For the current quarter ending in March, Deckers said it expects revenue in the range of $392 million to $402 million. Analysts surveyed by Zacks had expected revenue of $424.1 million.

The company expects full-year earnings to be $9.40 to $9.50 per share, with revenue ranging from $2.15 billion to $2.16 billion.

Deckers shares have risen 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $177.64, an increase of 40% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DECK at https://www.zacks.com/ap/DECK