Movement Alert｜Deckers Outdoor Falls 9.04% in Pre-Market Trading, Full-Year Sales Guidance Cut After Quarterly Revenue Miss

Market Focus10-23 16:01

On October 23, Deckers Outdoor fell 9.04% in Pre-Market Trading, trading at $78.1 per share, with turnover of $160,400.

The move was driven by the latest quarterly results and updated outlook. While fiscal Q2 diluted EPS came in at $2.31, above the $1.79 consensus, revenue was $1.48 billion, below the expected $1.51 billion.

More importantly, the company lowered its full-year net consolidated sales guidance to $5.70 billion-$5.725 billion from $5.86 billion-$5.91 billion, also below the $5.88 billion consensus. Although Deckers Outdoor raised its full-year diluted EPS guidance to $7.80-$7.95 from $7.35-$7.50, the weaker sales outlook appears to be the main factor behind the pre-market decline.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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