Shares of Deckers Outdoor Corp. (NYSE: DECK) were up 16.7% as of 10:44 a.m. EDT after the footwear designer and distributor announced a surprise profit and better-than-expected revenue for its fiscal fourth quarter of 2017.
Quarterly revenue declined 2.4% year over year (or down 1.5% at constant currency) to $369.5 million, which translated to roughly flat adjusted earnings of $0.11 per share. Analysts, on average, were expecting an adjusted net loss of $0.06 per share on lower revenue of $357.6 million.
Image source: Deckers Outdoor.