Crocs Q3 Earnings Surpass Expectations, Shares Rise 9.7%

Crocs shares surged 9.7% after Q3 earnings beat expectations, with adjusted earnings of $2.92 per share and revenue of $996.3 million. Despite a 6.2% revenue decline, the company maintained a strong gross margin of 58.5% and expects a 8% revenue decline in Q4, with adjusted operating margin of 15.5% and earnings per share between $1.82 and $1.92.