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Benzinga

Business

Henry Khederian

Why Crocs Shares Are Falling

Crocs, Inc. (NASDAQ:CROX) shares are trading lower after the company issued first-quarter sales guidance below estimates.

Crocs reported quarterly earnings of $2.15 per share which beat the analyst consensus estimate of $2.00. The company reported quarterly sales of $586.60 million which beat the analyst consensus estimate of $585.02 million. This is a 42.55% increase over sales of $411.51 million the same period last year.

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