FX.co ★ Deckers Outdoor Corp Announces Increase In Q4 Bottom Line, Beats Estimates

Deckers Outdoor Corporation (DECK) announced a notable increase in its fourth-quarter earnings compared to the same period last year, surpassing Wall Street predictions.

The company reported a net income of $127.55 million, or $4.95 per share, up from $91.79 million, or $3.46 per share, in the fourth quarter of the previous year.

On average, analysts had projected earnings of $2.89 per share, according to Thomson Reuters. These estimates usually exclude special items.

Revenue for the quarter experienced a significant growth of 21.2%, rising to $959.76 million from $791.57 million the previous year.

A summary of Deckers Outdoor Corporation’s fourth-quarter earnings (GAAP) is as follows:

- Net Income (Q4): $127.55 million vs. $91.79 million last year.

- Earnings Per Share (Q4): $4.95 vs. $3.46 last year.

- Revenue (Q4): $959.76 million vs. $791.57 million last year.