Crocs Inc.
fell 11.5% in early trades after it said it would fall short of Wall Street’s second-quarter profit forecast, as investors looked past its better-than-expected first-quarter results. Crocs said it expects second-quarter profit of $2.83 to $2.98 a share, below the analyst forecast of $3.27 a share, according to estimates compiled by FactSet. For the first quarter, Crocs posted first-quarter earnings of $2.61 a share, well ahead of the $2.16 a share analyst estimate.
fell 11.5% in early trades after it said it would fall short of Wall Street’s second-quarter profit forecast, as investors looked past its better-than-expected first-quarter results. Crocs said it expects second-quarter profit of $2.83 to $2.98 a share, below the analyst forecast of $3.27 a share, according to estimates compiled by FactSet. For the first quarter, Crocs posted first-quarter earnings of $2.61 a share, well ahead of the $2.16 a share analyst estimate.