Crocs Stock Soars on Surprise Earnings Beat – Can the ‘Ugly Shoe’ Icon Stage a Comeback?
Strong Q3 Results Spark a Stock Surge Crocs (CROX) stock jumped over 7% on Thursday after the foam-footwear maker reported better-than-expected third-quarter earnings stockstory.org. The company’s Q3 revenue of $996.3 million, though down 6.2% from a year ago, beat analyst estimates by about 3% stockstory.org. Adjusted net income came in at $2.92 per share, trouncing forecasts (23.7% above consensus) and indicating Crocs managed to outperform in a tough environment stockstory.org. Management also surprised the market with an upbeat outlook for the holiday quarter: Q4 revenue is projected around $1.07 billion, roughly 15% higher than Wall Street’s expectation, along with solid
