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Crocs, Inc. Reports Fiscal 2007 Second Quarter Financial Results


Crocs Inc. 2nd Quarter EPS Jumps; Company Raises Fiscal Year Guidance

Crocs Inc.'s second-quarter net income sky-rocketed to $48.5 million, or 58 cents a share, from $15.7 million, or 19 cents a share, a year earlier. The Niwot, Colo., footwear company said revenue jumped to $224.3 million from $85.6 million a year ago. The company's strong quarter was due to "robust demand for our expanded footwear collection" in the U.S., Canada and Europe. On average, analysts polled by Thomson Financial expected earnings of 44 cents a share and revenue of $192.7 million. Crocs expects third-quarter revenue of $240 million to $250 million and earnings of 58 cents to 62 cents a share. The company also raised its 2007 revenue guidance to a range of $810 million to $820 million and earnings guidance to a range of $1.89 to $1.93 a share..