Latest News by Industry
BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Crocs Inc. (CROX) on Thursday reported first-quarter profit of $149.5 million.
On a per-share basis, the Broomfield, Colorado-based company said it had net income of $2.39. Earnings, adjusted for non-recurring costs, were $2.61 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The footwear company posted revenue of $884.2 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $863 million.
For the current quarter ending in June, Crocs expects its per-share earnings to range from $2.83 to $2.98.
The company said it expects revenue in the range of $1.03 billion to $1.05 billion for the fiscal second quarter.
Crocs expects full-year earnings in the range of $11.17 to $11.73 per share, with revenue ranging from $3.95 billion to $4.05 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CROX">Zacks stock report on CROX at https://www.zacks.com/ap/CROX