Crocs (CROX) Misses Q4 Views; Guides Below
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Crocs, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results and Introduces First Quarter and Full Year 2017 Guidance; Announces CEO and other Executive Leadership Transitions and SG&A
March 1, 2017 7:00 AM ESTNIWOT, Colo., March 01, 2017 (GLOBE NEWSWIRE) -- Crocs, Inc. (NASDAQ: CROX) today reported financial results for the fourth quarter and year ended December 31, 2016.
Fourth Quarter Highlights:Â
Revenues were in line with guidance at $187.4 million compared to $208.7 million for the same period last year. On a constant currency basis, revenues decreased 10.5%.Net loss attributable to common stockholders on a GAAP basis was $44.5 million or a loss of $0.60 per share.Excluding certain charges not related to our core business, the company reported a... More