Hoka Maker’s Earnings Run Past Estimates. Deckers Stock, Though, Falls Sharply.

Shares of Deckers Outdoor were trading sharply lower Friday after light guidance overshadowed a strong quarter from the maker of Hoka sneakers and Ugg boots. Deckers stock fell 15% to $190.11 on Friday and was on track for its largest daily percentage decrease since March 2020, according to Dow Jones Market Data. For its third fiscal quarter ended Dec. 31, the company reported earnings of $3 per share, beating Wall Street’s call for $2.58, according to FactSet.

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