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Deckers: Fiscal Q4 Earnings Snapshot

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GOLETA, Calif. (AP) — GOLETA, Calif. (AP) — Deckers Outdoor Corp. (DECK) on Thursday reported fiscal fourth-quarter net income of $93 million.

The Goleta, California-based company said it had profit of $3.46 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.61 per share.

The maker of Ugg footwear posted revenue of $791.6 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $703.6 million.

For the year, the company reported profit of $502.7 million, or $19.37 per share. Revenue was reported as $3.63 billion.

Deckers expects full-year earnings to be $21.10 to $21.60 per share, with revenue expected to be $3.95 billion.

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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

Article Topic Follows: AP National Business

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