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Crocs shares reverse to gains after post-earnings conference call

“The shoe company’s shares fell after it gave weak third-quarter guidance, forecasting sales between $230.0 million and $240.0 million, below the $247.5 million FactSet consensus” writes Tonya Garcia for marketwatch.com. CROX, +4.08% shares have swung to a 6.2% increase after falling as much as 3.5% in Wednesday premarket trading.Crocs shares are up more than 38% for the last three months.On the earnings call, the company said the guidance includes the impact of store closures, with 25 stores expected to shutter in the the third quarter.
 
Source: marketwatch.com



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