Crocs posted third-quarter earnings and revenue that more than doubled, with profits topping estimates. The company's revenue of $256.3 million beat Crocs' forecast of $240 million to $250 million, but it missed analysts' target of $258.4 million.
For the year, Crocs said it now sees revenue of $820 million to $830 million, up from its prior forecast of $810 million to $820 million. Analysts, however, were looking for 2007 revenue of $835.7 million. Shares were tumbling $25.43 to $49.32.
sank 16% after the lawn and garden care company's fiscal 2008 outlook disappointed investors. The company said it expects earnings per share to be flat to slightly down from fiscal 2007, when EPS was $1.73, or $2.37 on an adjusted basis. Analysts, on average, projected earnings of $2.78 a share.
For the recently ended fourth quarter, Scotts posted a loss of 11 cents a share, in line with estimates. Sales rose 3% to $508.9 million, missing Wall Street's expectation of $523.5 million. Shares fell $7.05 to $38.84.
( DBRN) lost 6% after the women's clothing retailer cut its fiscal-year guidance. The company now sees earnings of $1.25 to $1.35 a share for the year ending next July. Previously, Dress Barn predicted earnings of $1.40 to $1.50 a share. Wall Street targets a profit of $1.46 a share.
Dress Barn said its same-store sales have come in below expectations for September and October. The company anticipates earnings of 30 cents to 32 cents a share for the first quarter ending this month, compared with analysts' forecast of 35 cents. Shares were down 94 cents to $15.45.
On the upside was
, which jumped 12% after its earnings and guidance topped forecasts. The oil-services company posted a third-quarter profit of $28.9 million, or $1.09 a share, on revenue of $94.7 million. Analysts surveyed by Thomson Financial expected earnings of 83 cents a share and revenue of $88.9 million.
For all of 2007, Hornbeck expects earnings of $3.28 to $3.52 a share, above its prior view of $2.46 to $2.93. Analysts target earnings per share of $3.15. Shares of Hornbeck were up $4.77 to $43.87.
climbed 6% after the oil and gas exploration company posted third-quarter profits that topped expectations. Earnings reached $50.9 million, or 30 cents a share, beating expectations of 27 cents. Revenue of $297.6 million exceeded analysts' forecast of $258.7 million. Shares were rising $2.90 to $54.63.