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ECLAT COSMETICS LTD
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THE KOOPLES
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THE KOOPLES
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By
Reuters
Published
Apr 25, 2010
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Deckers Outdoor first quarter tops Wall Street

By
Reuters
Published
Apr 25, 2010

April 22 (Reuters) - Deckers Outdoor Corp's (DECK.O) first-quarter results topped Wall Street expectations, helped by better sales of its UGG and Teva brands, and the footwear maker forecast revenue growth for the second quarter and the full year.


Ugg

For the first quarter, the shoe maker earned $18.1 million, or 1.37 cents a share, compared with $12.3 million, or 93 cents a share, a year ago.

Revenue rose 16 percent to $155.9 million.

Analysts on average were looking for a profit of 91 cents a share, before items, on revenue of $145.3 million, according to Thomson Reuters I/B/E/S.

The company forecast second-quarter revenue to rise about 25 percent. It posted revenue of $102.5 million in the prior quarter.

Deckers, whose rivals include Skechers USA Inc (SKX.N) and Timberland (TBL.N), expects full-year revenue to rise about 13 percent. It had posted sales of $813.2 million in 2009.

Shares of the company were up 1 percent at $145 in after-hours trade. They closed at $143.65 Thursday 22 April on Nasdaq. (Reporting by Vidya Lakshmi in Bangalore; Editing by Unnikrishnan Nair)

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