Crocs Inc. (CROX) posted second-quarter earnings that topped analyst consensus and gave guidance in-line with the Street.
The footwear apparel-maker said it expects second-quarter earnings in the range of 18 to 22 cents, with revenue coming in between $210 million to $220 million. Analysts had forecast second-quarter earnings of 17 cents on revenue of $213 million.
For the first quarter, the company saw profit of $5.7 million or 7 cents a share, which compares to last year’s first-quarter loss of $22.4 million or 27 cents a share.
Revenue rose 24% to $166.9 million, compared to year-ago sales of $134.89 million.
The results beat the Street’s view; analysts polled by Thomson Reuters were expecting earnings of 2 cents a share on revenue of $159.95 million.
Gross margin widened to 52%, compared with 36.9% in the year-ago quarter.
Shares of Crocs fell 23 cents or 2.34% in Thursday’s regular session, to close the day at $9.59 a share. The stock was up 28 cents or 2.92% in after-hours trading.
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