Crocs Q3 Earnings Top Estimates; Revenue Reaches $1.04 Billion

Crocs Inc. (CROX) on Thursday reported third-quarter earnings of $216.8 million, or $4.52 per share, beating Wall Street expectations. Adjusted earnings, excluding non-recurring gains, came to $3.69 per share, above the $3.31 average estimate of five analysts surveyed by Zacks Investment Research. The Broomfield, Colorado-based footwear company posted revenue of $1.04 billion, also topping Street forecasts of $1 billion from four Zacks-surveyed analysts. Looking ahead, Crocs expects per-share earnings of $3.25 to $3.45 for the current quarter ending in December. The company guided full-year earnings to a range of $14.45 to $14.65 per share.