Deckers Outdoor Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was $3.83 per share, compared with the S&P Capital IQ consensus estimate of $4.52 per share.
EPS increased 6.6% year over year from $3.59.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $133.3 million, an increase of 6.4% from $125.2 million in the year-earlier period.
The normalized profit margin declined to 17.0% from 17.0% in the year-earlier period.
Total revenue increased 6.6% on an annual basis to $784.7 million from $736.0 million, and total operating expenses grew 6.7% from the prior-year period to $570.1 million from $534.5 million.
Reported net income grew 11.3% year over year to $156.8 million, or $4.50 per share, from $141.0 million, or $4.04 per share.
