Crocs Leaves 3Q Outlook Untouched; Shares Rally

FOXBusiness

Despite the slowing economic recovery, Crocs (NASDAQ:CROX) stood by its third-quarter sales and earnings guidance on Friday, boosting the footwear maker’s stock.

Crocs said it still sees earning 22 cents to 24 cents a share during the third quarter. The upper end of that range would meet consensus estimates from analysts. The company also sees sales coming in at $205 million, which would essentially match the Street’s view of $205.78 million.

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The announcement provided a lift to shares of Crocs, which rallied 2.75% ahead of Friday’s opening bell. While the stock has slumped about 12% over the past month, it has surged more than 100% so far in 2010.

Crocs reiterated its third-quarter outlook while announcing it will present at Credit Suisse’s (NYSE:CS) 1st Annual Small & Mid Cap Conference in Boston on September 14.

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