Crocs Is Surging On High Volume (CROX)

Crocs, Inc. (NASDAQ: CROX) released their quarterly earnings report after the closing bell yesterday afternoon. The footwear apparel company reported earnings per share of $0.07 compared to Wall Street estimates of $0.02. In the year ago period the company reported a loss of $0.27 per share. Year over year revenues were up 23.7%.

During today's trading sesion, CROX shares have soared 9.49% higher to $10.50. Volume has been much heavier than normal with 7.33 million shares trading hands compared to a daily average of 3.56 million. CROX has jumped 51.73% in just the last 3 months, and it appears that upside momentum in this name may continue despite broader market dislocations.