Crocs Jumps on Record Revenue, Strong Guidance
Crocs reported record first quarter revenue and raised its full-year guidance on strong consumer demand for its shoes.
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Shares of shoemaker Crocs, Inc. (
CROX) - Get Report jumped premarket Tuesday after the company reported record first-quarter revenue and topped analyst estimates.
The Broomfield, Colorado-based company reported first quarter net income of $98.4 million, or $1.49 per share on record revenue of $460.1 million, up from $281.2 million last year. Analysts polled by FactSet were expecting EPS of 88 cents per share on revenue of $416 million.
Shares of Crocs were rising 11.2% to $94.37 per share in premarket trading on Tuesday.