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Crocs Widens Loss, Shares Plunge After Market
Shoemaker Crocs(CROX Quote) widened its loss in the first quarter, sending shares plunging more than 20% in after-market trading.
During the quarter, the company recorded a loss of $22.4 million, or 27 cents a share, compared with a loss of $4.5 million, or 5 cents, a year earlier.
Excluding a foreign currency exchange loss, the loss was 23 cents per share. ...
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