Plus   Neg

Crocs Inc. Q2 adjusted earnings Beat Estimates

Crocs Inc. (CROX) released earnings for its second quarter that rose from the same period last year.

The company's earnings came in at $56.55 million, or $0.83 per share. This compares with $39.20 million, or $0.55 per share, in last year's second quarter.

Excluding items, Crocs Inc. reported adjusted earnings of $68.78 million or $1.01 per share for the period.

Analysts had expected the company to earn $0.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.6% to $331.55 million from $358.90 million last year.

Crocs Inc. earnings at a glance:

-Earnings (Q2): $68.78 Mln. vs. $71.92 Mln. last year.
-EPS (Q2): $1.01 vs. $0.59 last year.
-Analysts Estimate: $0.14
-Revenue (Q2): $331.55 Mln vs. $358.90 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT