Crocs Shares Sink After Soft Third Quarter Outlook Overshadows Earnings Beat
Crocs shares fell after third-quarter guidance missed estimates, overshadowing second-quarter earnings and revenue beats, despite stronger full-year outlook and a $1.5 billion buyback expansion.
Crocs made more money than expected this quarter, but said next quarter might be slower than people thought. When a company seems unsure about what's coming soon, people get nervous about buying its stock.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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