Crocs Inc. Q4 Profit Increases, beats estimates

(RTTNews) - Crocs Inc. (CROX) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $253.59 million, or $4.16 per share. This compares with $137.74 million, or $2.20 per share, in last year's fourth quarter.

Excluding items, Crocs Inc. reported adjusted earnings of $157.17 million or $2.58 per share for the period.

Analysts on average had expected the company to earn $2.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.6% to $960.10 million from $945.16 million last year.

Crocs Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $253.59 Mln. vs. $137.74 Mln. last year. -EPS (Q4): $4.16 vs. $2.20 last year. -Analyst Estimate: $2.36 -Revenue (Q4): $960.10 Mln vs. $945.16 Mln last year.

-Guidance: Next quarter EPS guidance: $2.15 - $2.25 Next quarter revenue guidance: down 1.5% - up 0.5%