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Deckers Outdoor Corp. (DECK) Is Sinking Following Q4 Report

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Deckers Outdoor Corp. (DECK: Quote) reported fourth quarter net income of $3.18 per share after the bell Thursday, compared to $2.27 per share last year. The consensus estimate was for EPS of $3.14. The company expects first quarter EPS to be down about 50% from the prior year results and full year 2012 EPS is expected to be flat with the 2011 result. The stock is now down 9.11 on 871K shares.

Deckers Outdoor gapped up Thursday and climbed during the first 2 hours of trade. Shares finished higher by 1.76 at $90.21 on above average volume. The stock closed challenging the upper end of over a 2-month range.

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by RTT Staff Writer

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