Investing.com - Crocs reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Crocs announced earnings per share of $1.01 on revenue of $331.5M. Analysts polled by Investing.com anticipated EPS of $0.09 on revenue of $246.47M.
Crocs shares are down 10% from the beginning of the year and are trading at $40.00 , down-from-52-week-high.They are under-performing the Nasdaq which is up 17.5% from the start of the year.
Crocs shares gained 7.04% in pre-market trade the report.
Crocs follows other major Consumer Cyclical sector earnings this month
Crocs's report follows an earnings beat by Tesla on July 22, who reported EPS of $2.18 on revenue of $6.04B, compared to forecasts EPS of $0 on revenue of $5.15B.
Louis Vuitton ADR had missed expectations on Sunday with second quarter EPS of $0.24 on revenue of $9.18B, compared to forecast for EPS of $1.73 on revenue of $8.42B.
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