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Crocs Stock Takes Hit on Q4 Report

Cracos narrows its fourth-quarter loss, meeting analysts' estimates -- although shares are tanking on the report.

NIWOT, Colo. (

TheStreet

) --

Crocs'

(CROX) - Get Report

stock is looking just as ugly as it shoes, plunging in Thursday after-hours trading despite narrowing its fourth-quarter loss.

During the quarter, Crocs recorded a loss of $11.4 million, or 13 cents a share, in-line with analysts' estimates. This compares with a loss of $34.7 million, or 42 cents, for the shoe maker in the year-ago period.

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Crocs revenue rose 8% to $136 million from $126.1 million last year.

Looking ahead, Crocs expects to generate between $155 million to $160 million during the first quarter, with earnings breaking even.

Shares in Crocs are tanking 11% after the bell to $6.93.

-- Reported by Jeanine Poggi in New York.

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