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Crocs: 1Q Earnings Snapshot

NIWOT, Colo. (AP) _ Crocs Inc. (CROX) on Tuesday reported first-quarter earnings of $24.7 million.

On a per-share basis, the Niwot, Colorado-based company said it had profit of 33 cents. Earnings, adjusted for non-recurring costs, came to 36 cents per share.

The footwear company posted revenue of $295.9 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $287.9 million.

For the current quarter ending in July, Crocs said it expects revenue in the range of $350 million to $360 million. Analysts surveyed by Zacks had expected revenue of $352.5 million.

The company expects full-year revenue of $1.09 billion.

Crocs shares have climbed 9% since the beginning of the year. The stock has climbed 84% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CROX at https://www.zacks.com/ap/CROX