BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Crocs Inc. (CROX) on Thursday reported fourth-quarter profit of $137.7 million.
The Broomfield, Colorado-based company said it had profit of $2.20 per share. Earnings, adjusted for non-recurring costs and pretax expenses, were $2.65 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.
The footwear company posted revenue of $945.2 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $937.9 million.
For the year, the company reported profit of $540.2 million, or $8.71 per share. Revenue was reported as $3.55 billion.
For the current quarter ending in March, Crocs expects its per-share earnings to range from $2.06 to $2.19.
The company expects full-year earnings in the range of $11 to $11.31 per share, with revenue ranging from $3.9 billion to $4 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CROX at https://www.zacks.com/ap/CROX
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
