FX.co ★ Crocs Inc. Q4 Profit Increases, beats estimates

Crocs Inc. (CROX) announced an increase in its profit for the fourth quarter, which surpassed its previous year's profit and outperformed the predictions from Wall Street.

For this quarter, the company reported earnings of $253.59 million, or $4.16 per share, reflecting a marked increase from the $137.74 million, or $2.20 per share, noted in the fourth quarter of the previous year.

When special items are disregarded, Crocs Inc. reported an adjusted earning of $157.17 million, or $2.58 per share, for this period.

On average, analysts were predicting the company to earn $2.36 per share, according to data collected by Thomson Reuters. It should be noted that these predictions typically ignore special items.

The company experienced a 1.6% increase in revenue for the quarter, rising to $960.10 million from $945.16 million the year before.

Here's a quick snapshot of Crocs Inc. earnings (referenced to GAAP):

- Earnings for Q4: $253.59 million, a stark rise from the $137.74 million noted last year.

- Earnings Per Share for Q4: $4.16, up from $2.20 last year.

- The average analyst prediction was $2.36.

- Revenue for Q4: $960.10 million, an increase from last year's revenue at $945.16 million.

Under its guidance for the next quarter, the company expects EPS to range from $2.15 to $2.25. However, revenue predictions for the coming quarter anticipate a decrease of 1.5% to an increase of 0.5%.