Deckers Brands Q2 Profit Rises

REPORT_ Deckers Brands reported second-quarter net income of 40.73 million dollars or 1.17 dollars per share, compared

to 33.06 million dollars or 0.95 cents per share, last year.

On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of 1.03 dollars for the quarter. Analysts' estimates typically exclude special items. Net sales increased to 480.3 million dollars from 386.7 million dollars for the same period last year. Analysts expected revenue of 457.81 million dollars for the quarter.

The company now expects fiscal 2015 revenues to be approximately 1.825 billion dollars or 15 percent over the twelve month period ended March 31, 2014, up from the previous guidance of 14 percent. The company now expects fiscal 2015 earnings per share to be approximately 4.71 dollars or 15.8 percent over the twelve month period ended March 31, 2014, up from the previous guidance of 14.5 percent. Analysts expect the company to report fiscal 2015 earnings per share of 4.76 dollars on revenue of 1.82 billion dollars.

The company expects third-quarter revenues to increase approximately 10 percent over the three month period ended December 31, 2013, and expects third quarter earnings per share of approximately 4.46 dollars. Analysts expect the company to report third-quarter earnings per share of 4.75 dollars.

The company expects fourth-quarter revenues to increase approximately 10 percent over the three month period ended March 31, 2014, and expects fourth-quarter earnings per share of approximately 0.15 cents. (dpa-AFX)