Crocs Shares Jump Nearly 20% Despite Lower Q4 Earnings

Crocs, Inc. (CROX) shares surged 19.83 percent, gaining $16.41 to $99.14 on Thursday even after the company reported a decline in fourth-quarter earnings and revenue compared with last year.Net income for the quarter came in at $105.17 million, or $2.03 per share, down from $368.91 million, or $6.36 per share, in the prior-year period. On an adjusted basis, earnings totaled $118.29 million, or $2.29 per share. Revenue slipped 3.2 percent to $957.64 million from $989.77 million a year earlier.The stock open ...