Crocs falls after Q3 revenue, profit forecasts below estimates

Crocs

01/08/2024 14:40

** Shares of casual footwear maker Crocs  CROX.N  fall 8.5%
to $122.91 
    ** Co forecasts Q3 adjusted profit and revenue below market
expectations
    ** Co expects Q3 adjusted EPS of $2.95 to $3.10 vs estimates
of $3.33 - LSEG
    ** Expects Q3 revenue to be down 1.5% to up 0.5%, vs
estimates of revenue growth of 3.3%
    ** YTD, stock up 43.9% as of last close

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))