Crocs Falls After Earnings (CROX)

Footwear apparel company Crocs CROX released its third quarter earnings results after the closing bell on Thursday. The company reported non-GAAP net income of $22.07 million or $0.25 per share, compared to $1.82 million or $0.02 per share, in the year ago quarter. This compared with analysts' consensus EPS estimates of $0.24. Quarterly revenues came in at $215.61 million versus $177.14 million in last year's third quarter. Wall Street analysts had consensus revenue estimates of $205.76 million going into the report. In the after hours trading session, CROX shares have fallen 5.34% to $14.00.