Crocs 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 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 profit guidance stockstory.org. These strong results and guidance sent CROX shares rallying to around $91 by midday Thursday, as investors cheered the earnings beat and signs of resilience stockstory.org.
