Crocs (CROX) Posts Q3 GAAP Loss of 7c/Share; Guides Q4, FY16 Revenue Below Views
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Crocs, Inc. Reports Third Quarter 2016 Financial Results
November 9, 2016 7:30 AM ESTNIWOT, Colo., Nov. 09, 2016 (GLOBE NEWSWIRE) -- Crocs, Inc. (NASDAQ: CROX) today reported financial results for the three months ended September 30, 2016.
Third Quarter Highlights:
Revenues were in-line with guidance at $245.9 million for the three months ended September 30, 2016. On a constant currency basis, revenues decreased 11.6%, compared to the three months ended September 30, 2015.Improved inventory management resulted in a $21.4 million, or 11.2%, decrease in inventory as of September 30, 2016 compared to September 30, 2015.Gregg Ribatt, Chief Executive Officer, said: We continue to manage... More
