Crocs Shares Sink After Soft Third Quarter Outlook Overshadows Earnings Beat
Crocs, Inc. (NASDAQ: CROX ) shares are trading lower premarket on Thursday after the company reported provided below-consensus third quarter guidance despite second-quarter earnings beat. Adjusted EPS of $4.55, beat the $4.34 analyst estimate. Revenue rose 2.6% year over year (Y/Y) and up 2.0% Y/Y on a constant currenc