Crocs: Q2 Earnings Snapshot
Posted July 22, 2021 7:25 am.
Last Updated July 22, 2021 7:40 am.
BROOMFIELD, Colo. (AP) _ Crocs Inc. (CROX) on Thursday reported second-quarter net income of $319 million.
On a per-share basis, the Broomfield, Colorado-based company said it had net income of $4.93. Earnings, adjusted for pretax gains, came to $2.23 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.
The footwear company posted revenue of $640.8 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $561.1 million.
Crocs shares have risen 91% since the beginning of the year. The stock has more than tripled in the last 12 months.
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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
The Associated Press
