The share of Crocs Inc. in the pre-conference transactions increased by 4.5%, as the footwear and accessories company announced earnings and revenues of two quarters that exceeded the estimates, while giving optimistic prospects.
Net income was $ 154.9 million, or $ 2.57 a share, down from $ 183.3 million, or $ 2.69 a share, a year ago.
Adjusted earnings per share stood at $ 2.15 against $ 1.98 estimates.
Revenue was $ 586.6 million, up from $ 411.5 million a year ago, up from estimates of $ 585 million.
Revenue for the year reached a record $ 2.31 billion, up 67% from a year earlier.
For the first quarter, Crocs expects revenue of $ 605-630 million, including the acquisition of Heydude casual shoes, which is expected to be completed this month.
For the year, Crocs estimates earnings of more than 20% and adjusted earnings per share of $ 9.70-10.25.
Convergent estimates point to $ 3.426 billion in revenue, up 48.1%, and earnings per share of $ 9.84 billion.
Source: Capital
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