Brand Shoes Crocs First Quarter Profit $5 Million 700 Thousand

Beijing time Friday morning news Crocs Thursday reported net profit of $5 million 700 thousand in the first quarter, and 7 cents per share.

The company lost 22 million 400 thousand US dollars in the same period last year, or 27 cents per share.

The company's first quarter revenue grew by 24%, from $134 million 900 thousand a year ago to $166 million 900 thousand.

Analysts surveyed by FactSet Research had expected an average earnings of 1 cents per share and $16 million in revenue.

This colorful shoe maker expects earnings to reach 18 to 22 cents per share in the second quarter, with revenues ranging from $210 million to $220 million.

Wall Street analysts expected an average earnings of 16 cents per share and a turnover of 212 million 800 thousand dollars.