WASHINGTON (dpa-AFX) - Deckers Outdoor Corp. (DECK) reported that its first-quarter net income attributable to the company was $8.0 million or $0.20 per share, compared to $19.8 million or $0.49 per share in the same quarter last year.
Net sales increased 20.2% to $246.31 million from $204.85 million in the year-ago period.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.25 per share on revenues of $246.48 million for the quarter. Analysts' estimates typically exclude special items.
The company currently expects second quarter loss per share of about $0.60 compared to the diluted loss per share of $0.19 reported in the second quarter of 2011 and 2012 revenue to increase approximately 19% over 2011.
Analysts expect the company to report earnings of $0.39 per share on revenues of $186.00 million for the second-quarter.
The company expects full year 2012 earnings per share to decrease approximately 9% to 10% from 2011, compared to previous guidance for diluted earnings per share to be approximately flat year over year. The Company now expects 2012 sales to increase approximately 14% over 2011, compared to previous guidance of approximately 15%.
Analysts expect the company to report earnings of $5.16 per share on revenues of $1.59 billion for fiscal 2012.
Copyright RTT News/dpa-AFX