Shares of Deckers Outdoor were halted in after-hours trading after the company released its quarterly earnings report. For the third quarter, DECK reported earnings of $1.47 per share, up from 81 cents per share last year. Sales for the quarter surged 57% to $129.4 million from last year's $82.3 million. Furthermore, the company said that it sees fourth-quarter earnings rising by 15%, with revenue jumping 35%. Additionally, Deckers said that fiscal 2007 revenue would rise 39% while earnings per share would jump 35%.

The stock was last trading at $113.09 when trading was halted. Meanwhile, the stock's sentiment backdrop was mixed heading into the report. DECK's Schaeffer's put/call open interest ratio (SOIR) of 1.19 ranks below 87% of all those taken during the past year, indicating elevated expectations prior to the report. However, nearly 20% of the security's total float is sold short, and 4 of the 7 analysts covering the shares rate them a hold. Should investors react positively to tonight's earnings report, a short-squeeze situation could help propel the equity sharply higher in tomorrow's trading.