Deckers Outdoor beats Wall Street expectations
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 pjoens@pacbiztimes.com.
