Deckers Outdoor (DECK) Stock Climbs in After-Hours Trading on Q1 Results

Deckers Outdoor (DECK) stock is advancing in after-hours trading on Thursday after the footwear company posted a smaller-than-expected loss for the 2017 fiscal first quarter.

Author:: Kaya Yurieff
Publish date:: Jul 28, 2016 5:32 PM EDT

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.