Crocs Is Getting Crushed
Jul 25, 2013, 19:13 IST
Shares of Crocs, the maker of unusual looking footwear, are down more than -23% after Q2 earnings fell 42%.
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Dow Jones' Tess Stynes reported that company now forecasts per-share earnings of 20 cents to 23 cents on revenue of $300 million and $310 million. Analysts polled by Thomson Reuters most recently expected 39 cents and $325 million, respectively.