Deckers Outdoor Reports Q4 Profit Drop to $0.96/Share
DECK sits 35% above its 52-week low of $78.91 on elevated volume (2.0× avg).
Summary
Deckers Outdoor reported a decline in Q4 net income to $135.57 million, or $0.96 per share, compared to $151.41 million, or $1.00 per share, in the prior year. This specific profit drop comes despite the company's Q4 revenue rising to $1.11 billion, which had previously been reported as beating analyst estimates. The mixed results highlight that while sales are strong, profitability faced headwinds in the quarter.
At the time of this announcement, DECK was trading at $106.56 on NYSE in the Trade & Services sector, with a market capitalization of approximately $14.6B. The 52-week trading range was $78.91 to $127.95. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.