Deckers Outdoor Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company's net sales were $784,678,000 against $736,048,000 a year ago. Income from operations was $214,581,000 against $201,499,000 a year ago. Income before income taxes was $213,316,000 against $200,397,000 a year ago. Net income was $156,706,000 or $4.50 per diluted share against $140,897,000 or $4.04 per diluted share a year ago.

For the nine months, the company's net sales were $1,476,420,000 against $1,292,858,000 a year ago. Income from operations was $223,682,000 against $205,245,000 a year ago. Income before income taxes was $220,188,000 against $203,047,000 a year ago. Net income was $160,374,000 or $4.59 per diluted share against $144,682,000 or $4.15 per diluted share a year ago.

For the fourth quarter ending March 31, 2015, the company expects revenues to increase approximately 10% over the three month period ended March 31, 2014. The company now expects to break even for fourth quarter fiscal year 2015, compared to a diluted loss per share of $0.08 reported for the three months period ended March 31, 2014, down from previous diluted earnings per share guidance of $0.15, driven mostly by gross margin pressure from foreign currency exchange rates.

For the year ending March 31, 2015, the company now expects fiscal year 2015 revenues to be approximately $1.8 billion or 13.5% over the twelve month period ended March 31, 2014, down from the previous guidance of approximately $1.825 billion or 15%. The company now expects fiscal year 2015 diluted earnings per share to be approximately $4.58 or an increase of 12.6% over the twelve month period ended March 31, 2014, compared to the previous guidance of approximately $4.71. This guidance assumes a gross profit margin of approximately 49% and an operating margin of approximately 12.5% compared to previous guidance of approximately 13%. Fiscal year 2015 guidance now assumes that the company's effective tax rate will be approximately 27%, down from previous guidance of 29% due to a change in jurisdictional mix. And it is expecting operating margins of approximately 12.5% compared to earlier guidance of approximately 13%. The company is still assuming gross profit margins for the year of close to 49%.