The footwear brand just lost a major patent battle that was previously its lifeline.
The stock is still a risky buy, despite a bevvy of improvements for the company.
Shares of the shoemaker were up nearly 15%.
This report helps pave the way for the Fed to nudge interest rates higher next week.
Crocs announced plans to close around 29% of its stores in the next two years and has named a new chief executive.
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