Getting your player ready...
Shares of Crocs Inc., the maker of colorful casual footwear, fell 21 percent in extended U.S. trading after it reported third-quarter sales that were less than analysts anticipated and forecast 2007 revenue that may trail some estimates.
Crocs plunged $15.94 to $58.81 at 4:56 p.m. EDT. Shares of the Niwot-based footwear company had more than tripled this year.
Revenue more than doubled to $256.3 million, Crocs said today in a statement, trailing the $258.3 million on average estimated by eight analysts in a Bloomberg survey.
Sales in 2007 will be as low as $820 million, the company said, and per-share earnings will be from $1.94 to $1.98.
Analysts were estimating average profit of $1.97 a share on sales of $830.2 million.
