Deckers Outdoor shares are trading lower after the company reported a year-over-year increase in Q4 EPS results, better-than-expected Q4 sales results and issued FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Deckers Outdoor reported a YoY increase in Q4 EPS results, better-than-expected Q4 sales results, and issued FY24 guidance. However, shares are trading lower.
May 26, 2023 | 1:35 pm
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Deckers Outdoor shares are trading lower despite positive Q4 EPS results, better-than-expected Q4 sales results, and FY24 guidance.
Deckers Outdoor reported better-than-expected Q4 results and issued FY24 guidance, which should have been positive news for the company. However, the stock is trading lower, indicating that the market may have already priced in the positive news or that there are other factors affecting the stock price.
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