Crocs Analysts Slash Their Forecasts After Q3 Results

Crocs, Inc. CROX reported third-quarter financial results and lowered its revenue guidance related to the HEYDUDE Brand on Tuesday.The company reported adjusted earnings per share of $3.60 (+11%), beating the street view of$ 3.10. Quarterly revenues of $1.062 billion (+2%) beat the analyst consensus of$ 1.05 billion.Crocs Brand revenues increased 7.4% to $858 million, or 7.9% on a constant currency basis. HEYDUDE Brand revenues decreased 17.4% to$ 204 million."We have sharpened our strategy around HEYDUDE a ...