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Why Deckers Stock Tumbled Today

TheMotleyFool

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Shares of Deckers (NYSE: DECK) were taking a dive today after the footwear maker beat fiscal fourth-quarter earnings estimates but offered disappointing guidance for the current quarter. Sales of the Hoka brand also decelerated faster than expected.

As of 9:59 a.m. ET, the stock was down 22.2% on the news.

Image source: Getty Images.

Source Fool.com

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