Investing.com - Crocs reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Crocs announced earnings per share of $0.94 on revenue of $361.7M. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $339.56M.
Crocs shares are up 24% from the beginning of the year and are trading at $52.00 , down-from-52-week-high.They are under-performing the Nasdaq which is up 26.6% from the start of the year.
Crocs shares lost 0.46% 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 October 21, who reported EPS of $0.76 on revenue of $8.77B, compared to forecasts EPS of $0.57 on revenue of $8,435M.
Illinois Tool Works had beat expectations on Friday with third quarter EPS of $1.83 on revenue of $3.31B, compared to forecast for EPS of $1.47 on revenue of $2.98B.
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