Investing.com - Crocs reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Crocs announced earnings per share of $1.49 on revenue of $460.1M. Analysts polled by Investing.com anticipated EPS of $0.8792 on revenue of $415.21M.
Crocs shares are up 35% from the beginning of the year and are trading at $84.84 , down-from-52-week-high.They are outperforming the Nasdaq which is up 9.7% from the start of the year.
Crocs follows other major Consumer Cyclical sector earnings this month
Crocs's report follows an earnings beat by Tesla on Tuesday, who reported EPS of $0.93 on revenue of $10.39B, compared to forecasts EPS of $0.7428 on revenue of $10.42B.
Genuine Parts had beat expectations on Thursday with first quarter EPS of $1.5 on revenue of $4.46B, compared to forecast for EPS of $1.14 on revenue of $4.3B.
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