By Connor Hart
Deckers Outdoor gave a lower-than-expected outlook for the current quarter and said it wouldn't share an outlook for the current year, as tariffs add uncertainty and growth slows for its Hoka brand. The footwear company, which also owns Ugg and Teva, expects sales in its fiscal first quarter of $890 million to $910 million, below the $925.3 million analysts projected. It didn't give a yearly outlook, citing macroeconomic uncertainties due to global trade policies. Shares fall 15%, to $107.26, in after-hours trading.
Intuit is seeing a largely stable environment for consumers and businesses alike despite tariffs. Sandeep Aujla, chief financial officer of the parent company of TurboTax and Credit Karma, said that on the business side, a large majority of the businesses it serves tend to be services-oriented rather than being product-oriented, minimizing some of the tariffs' impact. "Sentiment is down, but it's not impacting our business and we're still seeing stability," he said. Shares climb 8%, to $719.50, in postmarket trading.
Ross Stores said it was off to a slow start in the first quarter and withdrew its full-year outlook, as tariffs are expected to drag on earnings. The discount department store chain scrapped its outlook due to uncertainty from tariffs. Chief Executive Jim Conroy said the company expects tariffs to pressure its profitability if they remain at elevated levels, noting that more than half of its products originate from China. Shares sink 11%, to $135.15, in after-hours trading.
Nuclear-industry stocks were trading higher after Reuters reported that President Trump is expected to sign executive orders by as soon as Friday that aim to jumpstart the nuclear-energy industry. The report, which cited sources familiar with the matter, said the orders would attempt to ease the regulatory process on approvals for new reactors, as well as strengthen fuel supply chains. In postmarket trading, shares of Lightbridge rise 14% to $12.19, shares of NuScale Power climb 12% to $28.36, and shares of Centrus Energy jump 14%, to $106.03.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
May 22, 2025 19:33 ET (23:33 GMT)
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