Revenue Update on Crocs(NASDAQ:CROX)

Crocs(NASDAQ:CROX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $323.83M. Analysts estimated a revenue of $348.46M. Earnings per share were $0.16. Analysts had estimated an EPS of $0.18.

In a different note, On May 10, 2016, Sterne Agee CRT said it Upgrades its rating on Crocs. The shares have been rated ‘Buy’ by the firm.

Crocs (CROX) made into the market gainers list on Fridays trading session with the shares advancing 1.89% or 0.16 points. Due to strong positive momentum, the stock ended at $8.62, which is also near the day’s high of $8.815. The stock began the session at $8.35 and the volume stood at 12,05,478 shares. The 52-week high of the shares is $15.49 and the 52 week low is $7.63. The company has a current market capitalization of $633 M and it has 7,34,85,284 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 15, 2016, Gregg Ribatt (CEO) purchased 10,000 shares at $9.25 per share price.Also, On Mar 11, 2016, Ronald Frasch (director) purchased 10,895 shares at $9.22 per share price.On Nov 16, 2015, Andrew Rees (President) purchased 10,000 shares at $9.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Crocs Inc. is engaged in the design development manufacturing worldwide marketing and distribution of casual lifestyle footwear apparel and accessories for men women and children. The Company’s products include footwear and accessories. The Company operates four reportable operating segments based on the geographic nature of its operations: Americas Asia Pacific Japan and Europe. The Americas segment consists of product sales in the North and South America geographic regions. The Asia Pacific segment consists of product sales throughout Asia (excluding Japan) Australia New Zealand the Middle East and South Africa. The Japan segment consists of product sales in Japan. The Europe segment consists of product sales throughout Europe and Russia. The Company sells its products in more than 90 countries through domestic and international retailers and distributors and directly to end-user consumers through company-operated retail stores outlets Webstores and kiosks.

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