Crocs Sends Investors Running
NEW YORK (
) --
Crocs
(CROX) - Get Report
is getting walked all over after it reported third-quarter earnings that failed to impress investors.
During the quarter, the footwear maker earned $25 million, or 28 cents a share, compared with $22.1 million, or 25 cents, in the year-ago period.
Excluding one-time items, Crocs actually earned 25 cents a share, a penny better than estimates.
Crocs revenue surged 22% to $215.6 million, ahead of forecasts of $205.8 million.
Shares in Crocs are falling more than 7% after-hours, after gaining nearly 5% to end the day at $14.80.
--Written by Jeanine Poggi in New York.
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