Crocs: 3Q Earnings Snapshot
NIWOT, Colo. (AP) _ Crocs Inc. (CROX) on Wednesday reported third-quarter net income of $35.7 million.
On a per-share basis, the Niwot, Colorado-based company said it had net income of 51 cents. Earnings, adjusted for non-recurring costs, came to 57 cents per share.
The footwear company posted revenue of $312.8 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $302.6 million.
For the current quarter ending in December, Crocs said it expects revenue in the range of $245 million to $255 million. Analysts surveyed by Zacks had expected revenue of $244.7 million.
The company expects full-year revenue of $1.09 billion.
Crocs shares have increased 28% since the beginning of the year. The stock has risen 66% in the last 12 months.