Investing.com - Crocs (NASDAQ:CROX) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Crocs announced earnings per share of $2.05 on revenue of $660.15M. Analysts polled by Investing.com anticipated EPS of $1.55 on revenue of $622.52M.
Crocs shares are down 43% from the beginning of the year, still down 60.73% from its 52 week high of $183.88 set on November 15, 2021. They are under-performing the Nasdaq which is down 17.13% from the start of the year.
Crocs follows other major Consumer Discretionary sector earnings this month
Crocs's report follows an earnings missed by Amazon.com on April 28, who reported EPS of $-7.56 on revenue of $116.44B, compared to forecasts EPS of $8.35 on revenue of $116.45B.
Tesla had beat expectations on April 20 with first quarter EPS of $3.22 on revenue of $18.76B, compared to forecast for EPS of $2.26 on revenue of $17.87B.
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