Crocs, Inc. Reports Second Quarter 2016 Financial Results

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Go back to Crocs, Inc. Reports Second Quarter 2016 Financial Results

Crocs (CROX) PT Cut to $8 at Piper Jaffray Amid Weak Q2, Outlook

August 3, 2016 11:10 AM EDT

Piper Jaffray analyst Erinn Murphy lowered estimates and her price target on Crocs (NASDAQ: CROX) to $8.00 (from $10.00) following weak Q2 results and guidance. The firm maintained a Neutral rating.

Murphy commented, "We remain on the sidelines on CROX following... More

Crocs (CROX) Misses Q2 EPS by 5c; Guidance Falls Short

August 3, 2016 7:31 AM EDT

Crocs (NASDAQ: CROX) reported Q2 EPS of $0.13, $0.05 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $323.8 million versus the consensus estimate of $348.46 million.

Gregg Ribatt, Chief Executive Officer, said: Despite a decline in our revenue, I am encouraged... More