Why Crocs Shares Are Falling Today
Portfolio Pulse from Shivani Kumaresan
Crocs Inc reported Q2 FY23 sales growth of 11.2% YoY to $1.07 billion, beating the analyst consensus. The company raised its FY23 sales forecast and adjusted EPS outlook. Despite the positive report, CROX shares are trading lower by 5.06% in premarket.
July 27, 2023 | 1:13 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Crocs Inc reported better than expected Q2 FY23 sales and raised its FY23 outlook. However, its shares are trading lower in premarket.
Despite the positive earnings report and raised outlook, the market reaction to Crocs Inc's report is negative, with shares trading lower in premarket. This could be due to various factors not mentioned in the article, such as broader market conditions or investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100