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Deckers Outdoors (DECK) Stock Falls on Revenue Miss

Deckers Outdoors (DECK) stock was down on the company’s fiscal Q3 earnings report for 2016.

deckers-outdoors-deckDeckers Outdoors’ earnings per share for the third quarter of 2016 came in at $4.78. This is up from the $4.50 per share reported in the same time last year. It also surpassed the EPS of $4.75 that analysts were expecting from the company.

Deckers Outdoors reported revenue of $795.90 million for Q3 2016. This is an increase from Q3 2015’s $784.67 million.  However, Wall Street was expecting more from the company with revenue estimates of $831.99 million.

Deckers Outdoors is expecting earnings per share for full-year 2016 to be $5.15. Revenue for the year is currently expected to be $1.91 billion.

DECK shares were down 3% as of Friday morning.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/02/deckers-outdoors-deck/.

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