NEW YORK (TheStreet) -- Shares of Deckers Outdoor (DECK) - Get Report are rising 2.68% to $65.13 in after-hours trading on Thursday after the company reported a narrower-than-anticipated loss for the 2017 fiscal first quarter.
After today's closing bell, the Goleta, CA-based footwear and apparel company posted an adjusted loss of $1.80 per diluted share, while analysts were expecting a loss of $2.07 per share.
Revenue for the period was $174.4 million, higher than analysts' estimates of $170.3 million.
Sales for the company's UGG brand fell 19.8% to $91.9 million year-over-year.
For fiscal 2017, Deckers sees earnings per share between $4.05 and $4.40. Analysts are looking for earnings of $4.27 per share.
Full-year sales are expected to be between flat and down 3%.
For the fiscal second quarter, the company forecasts earnings per share between $1.12 and $1.22, while analysts are modeling earnings of $1.19 per share.
Second-quarter net sales are projected to increase between 1% to 3% compared to last year.
About 893,021 of the company's shares were traded today vs. its average 30-day volume of 453,200 shares per day.