Investing.com - Crocs reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Crocs announced earnings per share of $3.24 on revenue of $964.6M. Analysts polled by Investing.com anticipated EPS of $2.67 on revenue of $947.29M.
Crocs shares are up 1% from the beginning of the year and are trading at $73.71 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 9.75% from the start of the year.
Crocs shares lost 4.74% in pre-market trade after the report.
Crocs follows other major Consumer Discretionary sector earnings this month
Crocs's report follows an earnings missed by Amazon.com on Thursday, July 28, 2022, who reported EPS of $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Tesla had beat expectations on Wednesday, July 20, 2022 with second quarter EPS of $2.27 on revenue of $16.93B, compared to forecast for EPS of $1.81 on revenue of $16.54B.
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