Yahoo Finance

Deckers Outdoor fell sharply Friday after issuing an outlook for its current fiscal first quarter that missed analysts’ expectations, with the maker of Hoka and Ugg footwear citing global trade tensions. Deckers guided for sales in the range of $890 million to $910 million for the current quarter, missing the $925.3 million analysts were expecting at the midpoint, according to FactSet. Chief Financial Officer Steven Fasching said on a call with analysts that the company expected to “absorb a portion of the tariff impact.”