Investing.com - Crocs reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Crocs announced earnings per share of $0.22 on revenue of $281.16M. Analysts polled by Investing.com anticipated EPS of $0.33 on revenue of $297.09M. That with comparison to EPS of $0.36 on revenue of $295.95M in the same period a year before.Crocs had reported EPS of $0.12 on revenue of $262.98M in the previous quarter.Analysts are expecting EPS of $0.29 and revenue of $278.68M in the upcoming quarter.
Crocs shares are down 53% from the beginning of the year and are trading at $19.45 , down-from-52-week-high.They are under-performing the Nasdaq which is down 6.03% year to date.
Crocs follows other major Consumer Cyclical sector earnings this month
Crocs's report follows an earnings missed by O’Reilly Automotive on Wednesday, who reported EPS of $3.97 on revenue of $2.48B, compared to forecasts EPS of $4.05 on revenue of $2.47B.
PACCAR had missed expectations on Tuesday with first quarter EPS of $1.03 on revenue of $4.78B, compared to forecast for EPS of $1.22 on revenue of $4.99B.
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