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Crocs 1Q Loss Widens, Outlook Drives Down Shares
Stock quotes in this article:
CROX
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NIWOT, Colo. (AP) — Crocs Inc., the maker of the ubiquitous plastic sandals, on Thursday reported a smaller than expected first-quarter loss but issued a weak outlook for the second quarter, sending shares tumbling after-hours.
The company reported a loss of $22.4 million, or 27 cents per share, for the quarter ended March 31, compared with a loss of $4.5 million, or 5 cents per share, for the prior-year quarter.
Excluding a loss related to currency exchange rates, the company said it would have posted a loss of 23 cents per share for the latest period. ...
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