Investing.com - Crocs reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Crocs announced earnings per share of $1.01 on revenue of $331.5M. Analysts polled by Investing.com anticipated EPS of $0.09 on revenue of $246.47M.
Crocs shares are down 10% from the beginning of the year and are trading at $40.00 , down-from-52-week-high.They are under-performing the Nasdaq which is up 17.5% from the start of the year.
Crocs shares gained 7.04% in pre-market trade following the report.
Crocs follows other major Consumer Cyclical sector earnings this month
Crocs's report follows an earnings beat by Tesla on Wednesday, July 22, 2020, who reported EPS of $2.18 on revenue of $6.04B, compared to forecasts EPS of $0 on revenue of $5.15B.
Louis Vuitton ADR had missed expectations on Sunday with second quarter EPS of $0.24 on revenue of $9.18B, compared to forecast for EPS of $1.73 on revenue of $8.42B.
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