Crocs Inc (CROX). The shoemaker lowered its outlook for the first time in three years as it faces softening sales at its stores, amid a weak economy in Europe and shaky consumer confidence in the United States. The company expects July-September earnings of 31-33 cents a share, down from its previous forecast of 40 cents a share. It also projected revenue of $273.0-$275.0 million, compared with its prior outlook of $280 million.
CROX is down 10.19 to 16.46
Tuesday, October 18, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment