BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Crocs Inc. (CROX) on Thursday reported fourth-quarter earnings of $368.9 million.
On a per-share basis, the Broomfield, Colorado-based company said it had net income of $6.36. Earnings, adjusted for pretax gains and non-recurring gains, were $2.52 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.
The footwear company posted revenue of $989.8 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $960.1 million.
For the year, the company reported profit of $950.1 million, or $15.88 per share. Revenue was reported as $4.1 billion.
For the current quarter ending in March, Crocs expects its per-share earnings to range from $2.38 to $2.52.
The company expects full-year earnings in the range of $12.70 to $13.15 per share.
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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
