Investing.com - Crocs reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Crocs announced earnings per share of $2.47 on revenue of $625.9M. Analysts polled by Investing.com anticipated EPS of $1.84 on revenue of $606.56M.
Crocs shares are up 116% from the beginning of the year and are trading at $135.93 , down-from-52-week-high.They are outperforming the Nasdaq which is up 17.33% from the start of the year.
Crocs follows other major Consumer Cyclical sector earnings this month
Crocs's report follows an earnings beat by Tesla on Wednesday, who reported EPS of $1.86 on revenue of $13.76B, compared to forecasts EPS of $1.52 on revenue of $13.57B.
Nike had beat expectations on September 23 with first quarter EPS of $1.16 on revenue of $12.25B, compared to forecast for EPS of $1.12 on revenue of $12.47B.
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