Crocs 3Q earns 66c a share; raises full-year outlook |
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Published
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Wed, 31 Oct 2007 21:39
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NEW YORK (Thomson Financial) - Crocs Inc. reported late Wednesday third-quarter net income rose to $56.5 million, or 66 cents a share, from $21.5 million, or 27 cents a share, a year earlier.Revenue for the quarter ended Sept. 30 more than doubled, rising to $256.3 million.The mean estimate of analysts polled by Thomson Financial were for earnings of 63 cents a share on revenue of $258.4 million.The Niwot, Colo.-based footwear maker raised its full-year earnings outlook to $1.94 to $1.98 a share on revenue of $820 million to $830 million.Analysts are currently forecasting 2007 earnings of $1.97 a share on revenue of $835.7 million.The company also said it expects fiscal 2008 revenue and per-share earnings to increase between 35% to 40% over the projected 2007 levels.Wanfeng Zhouwz/gmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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