Stock of Hoka sneaker maker Deckers soars 10% on earnings beat

Deckers Outdoor Corp.

shares rallied 10% in the aftermarket Thursday after the maker of Ugg boots and Hoka sneakers reported fiscal second-quarter results that sailed past Wall Street expectations, saying demand for its products continued to be strong. Deckers earned $179 million, or $6.82 a share, in the quarter, compared with $102 million, or $3.80 a share, in the year-ago period. Revenue rose 25% to $1.092 billion, the company said. Analysts polled by FactSet expected Deckers to report adjusted earnings of $4.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market WednesdayStock futures were trading down in the premarket as the Street digested the first of the mega-cap earnings releases.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market ThursdayStocks are set to open lower as the Street prepares for another busy day of earnings.
Source: CNBC - 🏆 12. / 72 Read more »

Stock Market News Today: Dow, Nasdaq Slip; Alphabet Stock Price FallsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »