Investing.com - Crocs (NASDAQ:CROX) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Crocs announced earnings per share of $2.15 on revenue of $586.6M. Analysts polled by Investing.com anticipated EPS of $1.93 on revenue of $581.84M.
Crocs shares are up 8% from the beginning of the year, still down 44.95% from its 52 week high of $183.88 set on November 15, 2021. They are outperforming the STOXX 600 which is down 4.12% from the start of the year.
Crocs follows other major Consumer Discretionary sector earnings this month
Crocs's report follows an earnings beat by Amazon.com on February 3, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Tesla had beat expectations on January 26 with fourth quarter EPS of $2.54 on revenue of $17.72B, compared to forecast for EPS of $2.36 on revenue of $17.13B.
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