CORRECTION: Deckers Outdoor Q3 2024 Adj. EPS $15.11 Beats $11.48 Estimate, Revenue $1.560B Beats $1.448B Estimate
Portfolio Pulse from Benzinga Newsdesk
Deckers Outdoor reported its Q3 2024 adjusted earnings per share (EPS) at $15.11, surpassing the estimated $11.48. Additionally, its revenue reached $1.560 billion, exceeding the forecast of $1.448 billion.
February 01, 2024 | 9:44 pm
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Deckers Outdoor's Q3 2024 earnings and revenue significantly exceeded analyst expectations, indicating strong financial performance.
Beating both earnings and revenue estimates usually leads to positive investor sentiment and can cause a short-term increase in stock price. Given the significant beat on both fronts for Deckers Outdoor, it's likely to attract positive attention from investors and analysts, potentially driving up the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100