BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Crocs Inc. (CROX) on Tuesday reported third-quarter profit of $199.8 million.
The Broomfield, Colorado-based company said it had net income of $3.36 per share. Earnings, adjusted for non-recurring costs, were $3.60 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.13 per share.
The footwear company posted revenue of $1.06 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.05 billion.
Crocs expects full-year earnings in the range of $12.82 to $12.90 per share.
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