Running With Deckers
Specialty-shoe maker Deckers Outdoor (DECK) had good news and bad news Friday. Its fourth quarter was a better than expected, with an all-time record for earnings per share -- $5.07. At the same time, though, management guided to a first quarter that looks to be about 50% below a year earlier, due mainly to price increases in raw materials.
Because Deckers is seasonally weak in its first half, management still expects full-year EPS this year to about match its 2011 number. Shares had peaked at $118.90 last October, and on Friday they traded down $12.49 per share, or 13.85%, to close at $77.72....296 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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