Crocs expects break-even profit in 1st quarter as revenue climbs
By APThursday, February 25, 2010
Crocs issues 1st-quarter outlook
NIWOT, Colo. — Shoemaker Crocs Inc. said Thursday it expects its first-quarter per-share profit to break even.
The company, known for its signature resin clogs, issued its guidance after a posting 2009 loss that amounted to 49 cents per share.
The company expects first-quarter revenue between $155 million and $160 million.
Both figures slightly better than Wall Street forecasts.
Analysts surveyed by Thomson Reuters expect Crocs to lose a penny per share in 2010 with sale of $148.2 million.
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