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

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Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.

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.

 

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