Crocs: Rev. Will Beat; Shares Rise 6%

[Stocks-to-Watch]

Shoe purveyor Crocs said late Tuesday that it expects revenue for the fourth quarter to exceed its previous estimate, and top $1 billion for the first time in 2011.

Shares of Crocs (CROX) rose 6%, or $1.05, to $17.00, in aftermarket trading following the issuance of a press release noting the revenue superlatives. No update on earnings; fourth quarter and full-year results come in late February.

Crocs now sees fourth quarter revenue “at the high end” of prior guidance of $200 to $205 million. For the year, hitting the $1 billion mark would mean a nearly 27% increase in revenue compared to the $790 million produced in 2010.

Expect CEO John McCarvel to continue gushing about accomplishments this year, which is the company’s 10th anniversary.



Original Article Source by Barrons.com