Deckers Shares Tumble in Pre-Market Trading

deckers

Shares of footwear maker Deckers Outdoor Corp. (NASDAQ:DECK) have tumbled 15.79% to $71.30 in the pre-market session after the company reported projected earnings that fell below analyst expectations.

DECK forecast a loss of $0.16 per share for the first quarter of 2014, while analysts were expecting a profit of $0.11 per share, according to analysts polled by Capital IQ. The company said that opening 28 new stores would be a drag on profits, and forecast that revenue will grow 6% during the quarter – half of what analysts had been expecting.

In other news

NII Holdings (NASDAQ:NIHD), a mobile phone service company, said its Q4 net loss from continuing operations widened to $4.33 per diluted share from $3.45 a year ago as it lost subscribers, particularly in Mexico. Operating revenue fell to $1.08 billion from $1.38 billion a year ago, roughly in line with analysts’ estimates for $1.1 billion.

For Q4 the company reported a net loss of 247,000 subscribers, with a drop of 390,000 in Mexico. The shares closed at $2.58 on Thursday in a 52-week range of $1.90 – $9.82.

GasLog Ltd. (NYSE:GLOG), operator of liquefied natural gas (LNG) carriers, reports Q4 2013 adjusted profit of US$17.4 million, or US$0.28 per share. Analysts called for adjusted EPS of US$0.24, according to the Capital IQ poll. Year-ago adjusted profit was US$1.8 million, or US$0.03 per share. Revenues were US$59.3 million, up from US$18.3 million last year, beating the Capital IQ consensus of US$53.8 million.

Also, the company’s board of directors declared a quarterly cash dividend of $0.12 per common share, payable on March 25 to shareholders of record as of March 10. GLOG was up nearly 3% after hours Thursday.

Shares in Colony Financial Inc. (NYSE:CLNY) are down 2% in the pre-market session after the real estate investment and finance company reported late Thursday that it has priced its underwritten public offering of 13 million common shares. The underwriters have also been granted the option to buy additional 1.95 million shares.

Net proceeds from the offering will be used to pay debt under the company’s revolving credit facility, for asset acquisitions, and for working capital and general corporate purposes.

 

 

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