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Crocs beat Q2 earnings expectations but saw stock fall due to a projected drop in Q3 revenue.
Crocs reported a second-quarter profit of $4.23 per share, beating expectations, but its stock fell after it projected a 9% to 11% drop in third-quarter revenue, below estimates.
The company cited a cautious retail environment and implemented cost-saving measures to support long-term growth.
Despite a 3.4% rise in Q2 revenues to $1.15 billion, Crocs' shares declined, reflecting concerns over future earnings.
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Crocs superó las expectativas de ganancias del segundo trimestre, pero las acciones cayeron debido a una caída proyectada en los ingresos del tercer trimestre.