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Updated from Oct. 31
Wall Street's high expectations left Crocs(CROX Quote) skinned Thursday, with shares plunging 30% after the shoemaker's raised guidance wasn't viewed as good enough.
Crocs said late Thursday that its third-quarter profits more than doubled, topping estimates. Moreover, the maker of colorful resin clogs lifted both its revenue and profit targets for the full year.
But the company's revenue and new outlook for the year disappointed, sending shares tumbling. The stock recently was down $25.18 to $49.57. ...
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