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Crocs reported second-quarter earnings that beat on the top and bottom line Thursday, raising its full-year revenue guidance amid strong global demand.
The shoemaker’s stock jumped nearly 3% in premarket trading.
Here’s how the company did compared with what analysts surveyed by Refinitiv were anticipating:
- Earnings per share: $2.23 adjusted vs. $1.60 expected
- Revenue: $640.8 million vs. $565.2 million expected
During the second quarter, Croc’s net income grew to $319.0 million , or $4.93 per share, compared to $56.6 million, or 83 cents per share, from a year earlier.
Excluding one-time adjustments, the company earned $2.23 a share, beating the $1.60…