Thursday, October 28, 2010

Deckers beats Q3 Estimates and guides higher!

Deckers Outdoor Corporation reported Q3 earnings of $1.07/share compared to estimates of $0.93/share. The beat in estimates helped boost the stock higher after hours. Additionally, the company increased their guidance for full year 2010 earnings. Deckers is no Skechers. If you were brave enough to hold onto your shares then you benefited from the 6% rise in share price after hours. This company will continue to grow and I think its a great place to stay invested until Christmas.

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