Why Crocs (CROX) Stock Is Soaring Today

Crocs (NASDAQ:CROX) shares had a fine Tuesday as the company had an impressive first quarter.

CrocsThe footwear company reported earnings of 7 cents per share for its most recent quarter, beating expectations Revenue also topped estimates, coming in $279.10 million.

Analysts called for earnings of 5 cents per share on revenue of $265.90 million. The company’s good quarter could be attributed to its e-commerce business, which boomed last quarter.

However, Crocs’ outlook for the current quarter left something to be desired. The company will post revenue of $340-350 million range, missing the Wall Street projection of $358.40 million.

CROX stock is up 32.7% Tuesday.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/05/crocs-crox-stock/.

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