One of the most pronounced losers after the closing bell Wednesday among many stumbling stocks was plastic shoe maker Crocs (CROX Quote).
Shares of the Niwot, Colo., company plummeted 25.1% in heavy trading, despite a more-than-doubled third-quarter profit of 66 cents a share. That came in only 3 cents above analyst estimates from Thomson Financial. Crocs has tended to pummel quarterly expectations. Revenue of $256.3 million was a hair shy of the mean.
The company also raised its full-year guidance, now projecting earnings of $1.94 to $1.98 a share on revenue of between $820 million and $830 million. But the earnings forecast still leans to the lower end of consensus, and sales would just miss projections. Shares were sinking $18.75 to $56. ...
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