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 story : Crocs shares jump after record revenue #FinanceUSA #StockMarketNEWS Crocs Inc. stock jumped 3.8% in Thursday premarket trading after the shoe company reported record second-quarter revenue. Net income

@stockMarketNEWS 9 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Crocs shares jump after record revenue #FinanceUSA #StockMarketNEWS
Crocs Inc. stock jumped 3.8% in Thursday premarket trading after the shoe company reported record second-quarter revenue. Net income totaled 9.0 million, or .93 per share, up from .6 million, or 83 cents per share last year. Adjusted EPS of .23 blew past the FactSet consensus for .59. Revenue was 0.8 million, nearly double the 1.5 million last year and also ahead of the FactSet consensus for 7.0 million. For the third quarter, Crocs is guiding for revenue growth between 60% and 70%. The FactSet consensus is for 0.2 million, implying a 41.1% rise. And for the full year, Crocs is forecasting revenue growth between 60% and 65%. The FactSet consensus is for .051 billion, suggesting an increase of 47.9%. Crocs is also making a commitment to net zero emissions by 2030 by moving to sustainable ingredients in its products, reducing packaging and taking other measures. Crocs stock has skyrocketed 91.5% for the year to date while the S&P 500 index is up 16% for the period.


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