shoes

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Dead Company Walking

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CEO of Crocs, Inc. (CROX) Discusses Second Quarter Results and Growth Initiatives for the Remainder of 2008

Crocs, Inc. (NASDAQ: CROX), a designer, manufacturer and retailer of footwear for men, women and children under the Crocs™ brand, recently announced the company’s second quarter financial results for the period ending June 30, 2008. Total revenues for the second quarter of the year were recorded at $222.8 million, down slightly from $224.3 million for the same period one year earlier.

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Crocs' First Quarter Results Lack Bite

Crocs (CROX) released its first quarter numbers Wednesday after the closing bell. Revenue came in at $198.5 million. The company posted a loss of $4.5 million or 5 cents per share, well below the $24.9 million or 31 cents per share it earned in the comparable period a year ago.

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Crocs is crashing

Crocs remained down all day Tuesday after Crocs announced guidance cuts that one analyst termed "stunning," amid lower-than-expected demand, and Najarian warned investors to resist the temptation to bottom fish. Macke doesn’t have confidence in the company after the numbers it reported on Monday, and Finerman says management is clueless.

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None listed
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