Crocs Inc. (CROX) reported third-quarter net income of $22.1 million or $0.25 per share compared to a net loss of $148.0 million or $1.79 per share last year.
On a non-GAAP basis, net income after taxes and excluding certain other one-time items was $0.6 million or $0.01 per share.
On average, 4 analysts polled by Thomson Reuters expected the company to report a loss of $0.08 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $177.1 million from $174.2 million last year. Analysts expected revenues of $156.41 million for the quarter.
The company expects to generate between $110 million and $115 million in revenue during its fiscal fourth quarter, with a loss per share between $0.20 and $0.15.
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