Shares of the apparel name dipped more than 7% following the company's fiscal fourth quarter results. The parent company of North Face, Timberland and Vans reported revenue of $2.58 billion, which was ahead of the $2.5 billion analysts surveyed by Refinitiv were expecting. But bottom-line results missed estimates, with the company earning 27-cents per share excluding items, two cents short of the expected 29-cent per share profit.
The retail stock jumped nearly 6% after growth from Deckers' Hoka brand helped the company beat expectations for its fiscal fourth quarter. Deckers reported $1.18 in earnings per share and $561 million in revenue. Analysts surveyed by Refinitiv were looking for 64 cents per share of $437 million of revenue.Nvidia shares rose more than 2% in midday trading after the company announced a 4-for-1 stock split, pending stockholder approval.