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Deckers boosts 3Q earnings as shoppers buy UGGs
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Publish-date-icon September 30, 2011
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Deckers Outdoor Corp. reported third-quarter earnings that beat analysts' expectations as shoppers snapped up UGG boots and Teva sandals.

The Goleta, Calif.-based footwear company had net profit of $42.1 million, or $1.07 per share, in the quarter that ended Sept. 30, up from $33.8 million, or 86 cents per share, a year earlier.

Analysts surveyed by Thomson Financial were expecting profit of 93 cents, on average.

Deckers' quarterly sales rose to $277.9 million from $228.4 million.

The company said net sales for UGG -- a brand known for soft-sided suede boots with fuzzy lining -- rose by 20.2 percent, to $255.8 million from $212.8 million.

Sales of Teva sandals increased by 51.7 percent, to $13.7 million from $9.0 million a year ago
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