Shares of Deckers Outdoor (DECK:Nasdaq - commentary - research) were among the Nasdaq's losers Friday, falling 7.3% after the company cut its second-quarter guidance.
The outdoor footwear company now expects earnings of 15 cents to 18 cents a share on sales of $38 million to $39 million. Previously, the company said it would earn between 28 cents and 30 cents a share on sales of $40 million to $41 million. Analysts polled by Thomson First Call had been expecting earnings of 29 cents a share on sales of $40.5 million.