Crocs Stock Drops 10% on Soft Q3 Outlook Despite Earnings Beat
Crocs forecasts weaker-than-expected Q3 earnings and flat revenue, overshadowing a Q2 beat driven by its core brand. Crocs Inc. (NASDAQ:CROX) shares fell nearly 10% after the company projected third-quarter adjusted earnings per share of $3.20 to $3.30, below Wall Street e