MW: Deckers jumps as loss was smaller than expected
By Andria Cheng
NEW YORK (MarketWatch) -- Ugg boot parent Deckers Outdoor Corp. shares rose 4.3% to $43.94 on Friday after the company reported a second quarter loss that was smaller than analysts estimated. The company also said sales were better than it expected in several areas of its business during the quarter, erasing some worries that its Ugg brand cachet may have lost some of its luster. Deckers also kept its full-year outlook and authorized a new $200 million stock repurchase program. "Reports of Ugg's demise may have been premature," said BB&T Capital analyst Scott Krasik.
