Crocs Stock Jumps Double Digits on Blowout Earnings and Raised Outlook

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.

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