Crocs raises 2019 outlook after strong Q3

Crocs, Inc., for its third quarter, said, Revenues were 312.8 million dollars, growing 19.8 percent over the third quarter of 2018 or 21 percent on a constant currency basis. The company added that net income was 35.7 million dollars, up from 6.5 million dollars in the third quarter of 2018, while adjusted net income was 40.2 million dollars and 14.8 million dollars in the third quarters of 2019 and 2018, respectively. Diluted earnings per share rose to 51 cents from 7 cents in the third quarter of 2018 and adjusted diluted earnings per share reached 57 cents compared to 19 cents in the third quarter of 2018.