Deckers Outdoor Shares Surge On Surprise Profit, Outlook | Fox Business

Deckers Outdoor Corp. shares surged in the extended session Thursday after the maker of Ugg boots posted an unexpected profit for the quarter. Deckers shares jumped 12% to $63.50 after hours. The company reported adjusted fiscal fourth-quarter earnings of 11 cents a share on revenue of $369.5 million. Analysts surveyed by FactSet had estimated a loss of 6 cents a share on revenue of $357.6 million. Decker expects an adjusted first-quarter loss of $1.65 to $1.70 a share, and an adjusted profit of $3.95 to $4.15 a share for the year. Analysts estimate a first quarter loss of $1.75 and full-year earnings of $3.79 a share. The results and outlook come after some analysts have criticized Deckers's shopping of strategic alternatives citing weakness in the Ugg brand.