Deckers Outdoor Corp. (DECK) reported that its first-quarter net income plunged to $1.0 million from $7.8 million in the year ago quarter. Earnings per share dropped to $0.03 from $0.20 in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to report a loss of of $0.10 per share for the quarter. Analysts' estimates typically exclude special items.
The latest quarter results reflect higher sales costs and S,G & A or selling, general and administrative expenses from the year-ago period.
Meanwhile, net sales for the quarter rose to 8 percent to $263.76 million, from $246.30 million for the same period last year. Fourteen analysts had consensus revenue estimate of $252.27 million for the quarter.
The company anticipates a per share loss in the second quarter of $1.10 per share. Analysts expect the company to report earnings of $0.94 per share on revenues of $185.10 million for the second-quarter.
The company now expects 2013 earnings per share to increase approximately 5% from 2012 levels. Analysts expect the company to report earnings of $3.68 per share on revenues of $1.51 billion for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.