GOLETA, Calif. (AP) — Deckers Outdoor Corp. (DECK) on Thursday reported fiscal second-quarter net income of $74.4 million.
The Goleta, California-based company said it had profit of $2.48 per share. Earnings, adjusted for pretax gains, were $2.38 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.
The maker of Ugg footwear posted revenue of $501.9 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $496.2 million.
For the current quarter ending in January, Deckers expects its per-share earnings to range from $5.10 to $5.25. Analysts surveyed by Zacks had forecast adjusted earnings per share of $5.21.
The company said it expects revenue in the range of $805 million to $825 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $800.3 million.
Deckers expects full-year earnings in the range of $6.65 to $6.85 per share, with revenue ranging from $1.94 billion to $1.96 billion.
Deckers shares have increased 36 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $108.94, a climb of 59 percent in the last 12 months.