BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Crocs Inc. (CROX) on Thursday reported fourth-quarter earnings of $105.2 million.
The Broomfield, Colorado-based company said it had net income of $2.03 per share. Earnings, adjusted for one-time gains and costs, came to $2.29 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.
The footwear company posted revenue of $957.6 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $918.6 million.
For the year, the company reported a loss of $81.2 million, or $1.50 per share. Revenue was reported as $4.04 billion.
Crocs expects full-year earnings in the range of $12.88 to $13.35 per share.
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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
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