Crocs Stock Jumps Double Digits on Blowout Earnings and Raised Outlook
- Date: 27-Apr-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Crocs Stock Jumps Double Digits on Blowout Earnings and Raised Outlook
Crocs Inc. shares were up double digits in Tuesday premarket trading following the release of a blowout first-quarter report and raised guidance from the clog maker.
For the three months ended March 31, the Broomfield, Colo.-based company recorded adjusted earnings of $1.49 per share, versus the prior year period's earnings of 16 cents per share. Wall Street had predicted earnings of 89 cents per share. Revenues spiked 63.6% to $460.1 million, compared with consensus bets of $415.3 million.
More from Footwear News