Deckers Results Top Estimates, FY Guidance Strong; Stock Up 4%

(RTTNews) - Footwear and apparel maker Deckers Brands (DECK) on Thursday reported fourth-quarter net earnings of $1.4 million or $0.04 per share compared with a loss of $2.7 million or $0.08 per share last year.

Revenues for the quarter were $340.6 million compared with $294.7 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.00 per share on revenues of $321.2 million for the quarter. Analysts' estimates typically exclude special items.

Gross margin for the quarter fell to 44.7% from 48.9% last year.

For the first quarter of fiscal 2016, the company expects a loss of about $1.52 per share and revenues to be flat. Analysts expect a loss of $1.17 per share, and revenue to grow 7.7%, denoting sales of $227.7 million.

For the full year, the company expects earnings of $5.09 per share on revenues of $1.96 billion. Analysts expect earnings of $5.05 per share on revenues of $1.95 billion.