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Crocs Shares Fall On Weak 2nd-quarter Outlook

Stock quotes in this article: CROX  

NEW YORK (AP) — Shares of Crocs Inc. dropped on Friday, after the plastic-shoe maker said it expects second-quarter results below analyst expectations.

Shares fell $1.06, or 30.4 percent, to $2.42 during midday trading. The stock has traded between 79 cents and $12.50 during the past 52 weeks.

Crocs late Thursday said its first-quarter loss totaled 27 cents per share, matching analyst expectations. Revenue fell 32 percent to $134.9 million, but that was above the $114.4 million analysts polled by Thomson Reuters expected. ...

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