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Business

Deckers Outdoor Corp.

Deckers’ 26 percent slump earlier in the session was the most intraday since March 1999, after the maker of Ugg boots and Teva sandals posted a first-quarter profit of 20 cents a share, missing an average estimate of 25 cents. The figure was down from 49 cents the previous year. The California-based company expects to report a second-quarter loss of 60 cents, compared to an estimated loss of 39 cents.

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