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Crocs (CROX - Cramer's Take - Stockpickr) soared 15% late Thursday after the plastic shoe company posted strong first-quarter earnings and guided well above estimates for the second quarter and year. The company, whose shares have more than doubled over the last year, also split its stock 2-for-1. The Niwot, Colo., cobbler made $25 million, or 61 cents a share, for the quarter ended March 31, up from the year-ago $6.4 million, or 17 cents a share. Revenue more than tripled from year-ago levels to $142 million. Analysts surveyed by Thomson Financial were looking for a 49-cent profit on sales of $114 million. "Our strong first quarter performance was driven by the growing worldwide demand for our entire portfolio of products," Crocs said. "Domestically, we benefited from robust sell through of our Crocs footwear, including our new spring/summer collection, in addition to our new licensed and Jibbitz businesses. At the same time, our international business continues to rapidly expand fueled by sales of our classic models, as well as our more recent introductions. We are pleased with our start to 2007 and we remain extremely optimistic about the many growth opportunities that lie ahead as evidenced by our heightened outlook for the year." The company guided to earnings of 80 to 85 cents a share for the second quarter on revenue of $180 million to $190 million. For the year, Crocs expects to make $2.90 to $2.95 a share on revenue of $670 million to $680 million. Analysts were looking for a 63-cent profit for the second quarter on revenue of $136 million and a $2.42-a-share profit for the year on revenue of $540 million. Shares rose $8.54 to $65.95.
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