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Crocs Inc. Q1 adjusted earnings Miss Estimates

Crocs Inc. (CROX) revealed a profit for first quarter that decreased from the same period last year.

The company's earnings came in at $11.09 million, or $0.16 per share. This compares with $24.71 million, or $0.33 per share, in last year's first quarter.

Excluding items, Crocs Inc. reported adjusted earnings of $15.25 million or $0.22 per share for the period.

Analysts had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.8% to $281.61 million from $295.95 million last year.

Crocs Inc. earnings at a glance:

-Earnings (Q1): $15.25 Mln. vs. $26.67 Mln. last year.
-EPS (Q1): $0.22 vs. $0.36 last year.
-Analysts Estimate: $0.36
-Revenue (Q1): $281.61 Mln vs. $295.95 Mln last year.

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