Shares of Crocs (CROX) trade 5.2% lower premarket after the company issues guidance beats estimates for Q1 but issues guidance for Q2 that came in below the consensus estimate of analysts. The company reports strong sales of its shoes in Asia, but its outlook for revenue of $335M-$340M for Q2 came in light., Inc. (CROX) today reported financial results for the first quarter ended March 31, 2012. Revenue for the first quarter of 2012 increased 19.9% to $271.8 million, over revenue of $226.7 million reported in the first quarter of 2011. Net income for the first quarter 2012 was $28.3 million, or $0.31 per diluted share, compared to net income of $21.5 million, or $0.24 per diluted share, in the first quarter of 2011.
More Stocks News
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/