BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Crocs Inc. (CROX) on Thursday reported first-quarter profit of $160.1 million.
On a per-share basis, the Broomfield, Colorado-based company said it had net income of $2.83. Earnings, adjusted for pretax expenses, came to $3 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.51 per share.
The footwear company posted revenue of $937.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $909.6 million.
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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
