Crocs Inc. (CROX). The Niwot, Colorado-based footwear company said late Tuesday net income rose to $38.3 million, or $0.45 a share, from $20.8 million, or $0.26 a share, a year earlier.
The company said revenue nearly doubled to $224.8 million from $112.9 million a year ago. It reaffirmed its 2008 earnings and revenue forecasts of $2.70 a share and $1.16 billion, respectively.
Analysts were expecting $0.44. Nonetheless...the stock got pounded in after hours trading last night. The is down 15% to $27.80 premarket.
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