BROOMFIELD, Colo. (AP) _ Crocs Inc. (CROX) on Tuesday reported first-quarter earnings of $98.4 million.
On a per-share basis, the Broomfield, Colorado-based company said it had profit of $1.47. Earnings, adjusted for non-recurring costs and pretax expenses, were $1.49 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The footwear company posted revenue of $460.1 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $415.4 million.
Crocs shares have risen 35% since the beginning of the year. The stock has nearly quadrupled in the last 12 months.
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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
