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| ghd straighteners cheap Fourth-quarter net Cheap G |
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[ 2009-12-19 13:12:00 | By: efgh840 ] |
| UGG boots were hot during what was overall a pretty lackluster holiday shopping season,ghd straighteners cheap, but that wasn't enough to keep investors from booting Deckers (Nasdaq: DECK) out of their portfolios last week after its fourth-quarter earnings results.
Fourth-quarter net income increased 14% to $40.5 million, or $3.07 per share. Deckers' earnings included a non-cash writedown of $20.9 million due to goodwill impairment related to its Teva and TSUBO brands. (Writedowns related to the Teva brand are nothing new,Cheap GHD, though; this was going on last quarter, too.)Revenue increased 56.3% to $303.5 million,Gold GHD, with UGG sales being the bright spot, up 62% in the quarter. Teva's brand continues to struggle, however.
It seems what really spooked investors was Deckers' forecast for the future. Deckers said first-quarter earnings per share are expected to drop approximately 28%. For all of 2009, revenue growth is only expected to grow 6% to 9%, and earnings will be flat to slightly down.
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