Crocs shares are up more than 11% after the footwear maker announced earnings and revenue that beat analysts’ expectations.
The Colorado-based firm announced earnings per share of $US0.36 per share, $US0.05 better than the Capital IQ Consensus Estimate of $US0.31, according to Briefing.com.
Revenues climbed 3.6% year-over-year to $US376.9 million. Consensus was for $US372.76 million.
Crocs came in with Q3 guidance that was in-line with expectations.
Goldman recently named Crocs as its lone M&A candidate among smaller consumer stocks.