Tuesday, January 10, 2012 10:52:08 PM
Crocs says 4th-quarter sales will reach high end of guidance; annual sales will top $1billion
http://finance.yahoo.com/news/Crocs-says-4Q-sales-reach-apf-2878206870.html?x=0
NIWOT, Colo. (AP) -- Shoemaker Crocs Inc. said Tuesday that it expects its fourth-quarter sales to be at the high end of its guidance, taking its annual revenue over $1 billion.
The company has said it expects $200 million to $205 million in revenue during the fourth quarter, up from $179.2 million in the fourth quarter of 2010.
Analysts expect Crocs to report $204.4 million in revenue in the fourth quarter, according to FactSet.
Crocs reported $790 million in revenue in 2010.
Shares of Crocs rose 65 cents, or 4.3 percent, to close at $15.95. They climbed 93 cents, or 5.8 percent, to $16.88 in after-hours trading.
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