cheapest ugg boots online Profit warning trips up maker of Ugg shoes

cheap leather ugg boots uk Profit warning trips up maker of Ugg shoes

World Politics Entertainment Gossip Movies TV Music Theater Arts Crosswords Entertainment Pics Horoscopes Daily Weekly Monthly Lifestyle Health Food Viva Games Opinion Autos Buyer’s Guide Ratings Reviews News Views Photos Galleries Covers Classifieds Trending: North Korea Stormy Daniels Ruthie Ann Miles RUSSIA GUN CONTROL

facebook email BY Bloomberg News

Deckers, the maker of Ugg shoes, sank the most in more than two years after the company forecast first quarter profits that trailed analysts’ expectations.

Deckers fell $15.82, or 13%, to $110.64, its biggest drop since October 2005. The stock has fallen 29% this year after more than doubling in 2007.

The company said it expects first quarter earnings to be equal to 75 cents a share, well below analysts’ estimates of 92 cents.

Deckers posted fourth quarter profits that almost tripled on sales of its Ugg line. Revenues rose 56% to $194.2 million, helped by a 62% increase in the Ugg unit to $177.7 million.

The company forecast 2008 sales growth of up to 25% and profit growth of 20% compared with 2007. Deckers reported ’07 profits of $5.06 a share on sales of $448.9 million.
cheapest ugg boots online Profit warning trips up maker of Ugg shoes