Deckers Brands Q2 Profit Rises; Raises FY15 Outlook - Quick Facts

(RTTNews) - Deckers Brands (DECK) reported second-quarter net income of $40.73 million or $1.17 per share, compared to $33.06 million or $0.95 per share, last year.

On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $1.03 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $480.3 million from $386.7 million for the same period last year. Analysts expected revenue of $457.81 million for the quarter.

The company now expects fiscal 2015 revenues to be approximately $1.825 billion or 15% over the twelve month period ended March 31, 2014, up from the previous guidance of 14%. The company now expects fiscal 2015 earnings per share to be approximately $4.71 or 15.8% over the twelve month period ended March 31, 2014, up from the previous guidance of 14.5%. Analysts expect the company to report fiscal 2015 earnings per share of $4.76 on revenue of $1.82 billion.

The company expects third-quarter revenues to increase approximately 10% over the three month period ended December 31, 2013, and expects third quarter earnings per share of approximately $4.46. Analysts expect the company to report third-quarter earnings per share of $4.75.

The company expects fourth-quarter revenues to increase approximately 10% over the three month period ended March 31, 2014, and expects fourth-quarter earnings per share of approximately $0.15.