Nixon Peabody
Bank of America
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Deckers Outdoor beats Wall Street expectations

By   /   Thursday, October 29th, 2015  /   Comments Off on Deckers Outdoor beats Wall Street expectations

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Deckers Outdoor nearly hit Wall Street expectations on the nose with second quarter earnings released by the company Oct. 29.

Sales jumped 1.4 percent during the second quarter from $480.3 million last year to $ 486.9 million for the Goleta-based manufacturer of outdoor footwear apparel and accessories. Analysts expected revenues of about $486.8 million.

Deckers earned $1.12 per share. Analysts had expected a gain of about $1.06 per share.

The company said it expects earnings per share of about $5 in the upcoming third quarter, compared to $4.50 last year.

• Contact Philip Joens at [email protected]

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