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Crocs Inc. Shares Down 29%, Happy Friday

Submitted by WSN_Staff on Fri, 05/08/2009 - 17:09.
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Crocs Inc. (NASDAQ:CROX)

Crocs Inc. (NASDAQ:CROX) Q1 2009 loss disappointed investors and the Q2 outlook was even worse .The selling was rampant as volume tripled and finished the day after-hours at $2.48.

Crocs Inc. said late Thursday its first-quarter loss widened to $22.4 million, or 27 cents a share, from $4.5 million, or 5 cents a share, in the year-ago period.

Revenue fell to $135 million from $198.5 million last year. Analysts surveyed by FactSet Research estimated a quarterly loss of 27 cents a share on revenue of $114.4 million.

Crocs expects a second-quarter loss between 15 cents and 31 cents on revenue of $135 million to $160 million. Analysts estimate a loss of 16 cents a share on sales of $141.6 million.

If you have money to burn, then buy Crocs shoes and shares, this stock is dangerous.  If you missed the recent run-up and think you can cash in again -- you are playing with fire.

 

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