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Crocs, Inc. Message Board

  • qofaslave69 qofaslave69 Jun 4, 2007 12:12 PM Flag

    Raised Revenue

    CROX raised their revenue gidance at the last EPS report to $670-$680 million. However, with plants opening in India and Brazil this year,and with the Jibbitz acquisition, I gotta believe that the revenue guidance is still way too low.

    Crocs Raises Fiscal 2007 Outlook
    Thursday May 3, 4:56 pm ET
    Seeing a Strong 2Q Ahead, Crocs Boosts Full-Year Guidance

    NIWOT, Colo. (AP) -- Crocs Inc., which makes popular plastic slip-on shoes, on Thursday raised its fiscal 2007 earnings guidance after reporting first-quarter profit nearly quadrupled.

    The company sees yearly earnings of $2.90 to $2.95 per share on sales of $670 to $680 million.

    Previously, the company expected revenue and earnings to grow 45 percent, implying full-year earnings per share of $2.33 per share and sales of $514.3 million.

    Analysts polled by Thomson Financial expect net income of $2.42 per share on revenue of $540.1 million.

    Crocs predicts second-quarter profit of 80 cents to 85 cents per share on revenue of $180 million to $190 million.

    Analysts forecast earnings of 63 cents per share and $135.6 million in sales for the quarter.

    Crocs shares soared $8.09, or 14 percent, to $65.50 in aftermarket electronic trading.

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8.06-0.09(-1.10%)Oct 20 4:00 PMEDT