Courtesy of Benzinga.
Two closely watched footwear apparel companies released their fourth quarter earnings results on Thursday after the closing bell. Both names are getting hit hard in Friday’s trading session as investors react to their Q4 results.
Niwot, Colorado based footwear apparel maker Crocs, Inc. (NASDAQ: CROX [FREE Stock Trend Analysis]) released its fiscal fourth quarter earnings results after the closing bell on Thursday. The company reported net income of $5.6 million or $0.06 per share, compared to $4.7 million or $0.05 per share, in the year ago period. This compared to consensus Wall Street EPS estimates of $0.04.
Revenues for the quarter were up 14% to $203.7 million versus $179.2 million in last year’s fourth quarter. This missed Street consensus revenue estimates of $205.27 million.
Looking ahead, CROX sees Q1 EPS between $0.24 and $0.26 on revenue of between $263 million and $268 million. This compares to current consensus EPS estimates of $0.30 on revenue of $268.74 million for the first quarter.
During Friday’s trading session, CROX shares have lost 8.55% to $18.70 on heavier than usual volume.
Deckers Outdoor (NASDAQ: DECK), maker of the popular Ugg and Teva footwear brands, released its Q4 earnings results after the closing bell on Thursday. The Goleta, California based company reported Q4 EPS of $3.18 versus Street consensus of $3.14.
Revenues came in at $603.9 million compared to Wall Street analysts’ consensus estimates of $565.21 million. Deckers guided first quarter revenues up 19% and full-year 2012 EPS flat year over year versus 2011.
During Friday’s trading session, DECK shares have lost 11.67% to $79.67.
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