DECK: Deckers Outdoors Stock Surges After Beating Street

by Christopher Freeburn | April 25, 2014 11:27 am

DECK: Deckers Outdoors Stock Surges After Beating Street

On Thursday, Deckers Outdoor (DECK[1]) reported a lower-than-expected quarterly loss[2]. DECK shares rose almost 7% in Friday morning trading.

deckers outdoor 300x95 DECK: Deckers Outdoors Stock Surges After Beating Street[3]Earlier this year, Deckers Outdoor altered its fiscal year from December 31 to March 31. Thus, the three month period that ended on Mar. 31, 2014 is considered a transition period. DECK shares gained after the apparel and shoe-maker said it recorded a loss of $2.69 million during the three months ending in March. In the prior year, it posted a profit of $1 million during the same period. EPS showed a loss of 8 cents per DECK share, better than the loss of 15 cents that Wall Street had forecast, RTT News notes.

DECK said it generated sales of $294.72 million during the period, up 12% from last year. That also topped analysts’ sales estimates of $281.77 million. Sales in the U.S. increased by 9%, while overseas sales jumped 19%.

On Thursday, DECK stock closed at $78.53 per share.

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Endnotes:
  1. DECK: http://studio-5.financialcontent.com/investplace/quote?Symbol=DECK
  2. reported a lower-than-expected quarterly loss: http://www.nasdaq.com/article/deckers-outdoor-quarterly-results-beat-view-coo-zohar-ziv-to-retire-20140424-02022
  3. [Image]: http://investorplace.com/wp-content/uploads/2013/10/deckers-outdoor.png
  4. P: Pandora Stock Plunges on Weak Outlook: http://investorplace.com/2014/04/p-pandora-stock-plunges-weak-outlook/#.U1p9z15hOf0
  5. ABBV: AbbVie Beats Street on Soaring Humira Sales: http://investorplace.com/2014/04/abbv-abbvie-beats-street-soaring-humira-sales/#.U1pveV5hOf1
  6. UA, BEAM: Under Armour to Replace Beam in S&P 500: http://investorplace.com/2014/04/ua-beam-armour-replace-beam-sp-500/#.U1pkNl5hOf0

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