Deckers Beats EPS And Revenues Estimates, Shares Hit +8 Pts. (DECK)

Deckers Outdoor DECK reported EPS of $2.27 versus the $1.99 Street consensus. Revenues were $430.1M Vs. the $393.48M Street consensus. The stock is currently trading over 8% higher after hitting levels over 8 points higher than its closing levels. Deckers Outdoor Corporation DECK today announced record financial results for both the fourth quarter and fiscal year ended December 31, 2010. Fourth Quarter Highlights: -Net sales increased 23.6% to $430.1 million compared to $348.0 million last year. -Gross margin increased 440 basis points to 54.2% compared to 49.8% last year. -Diluted EPS increased 30.5% to $2.27 compared to $1.74 last year. The Company completed a three-for-one stock split, in the form of a stock dividend paid on July 2, 2010. All share and per share data in this release and accompanying tables have been adjusted to reflect the impact of such split for all periods presented.
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Posted In: EarningsNewsConsumer DiscretionaryFootwear
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