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Deckers: Fiscal 2Q Earnings Snapshot

GOLETA, Calif. (AP) _ Deckers Outdoor Corp. (DECK) on Thursday reported fiscal second-quarter net income of $77.8 million.

The Goleta, California-based company said it had profit of $2.71 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.

The maker of Ugg footwear posted revenue of $542.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $531.8 million.

For the current quarter ending in January, Deckers said it expects revenue in the range of $885 million to $900 million. Analysts surveyed by Zacks had expected revenue of $908.5 million.

The company expects full-year earnings to be $8.90 to $9.05 per share, with revenue ranging from $2.12 billion to $2.14 billion.

Deckers shares have increased 22% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $155.87, a rise of 46% 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