Crocs, Inc. (CROX) Reports Higher Net Income And Revenue In First Quarter Of 2010
Crocs, Inc. reported net income of $5.7 million, or $0.07 per diluted share, in the first quarter of 2010. This was a vast improvement over the net loss of $22.4 million, or ($0.27) per diluted share, in the same quarter of 2009. Crocs, Inc. also reported a large increase in revenue in the first quarter of 2010. The company had revenue of $166.9 million, compared to revenue of $134.9 million in the first quarter of 2009. Crocs, Inc. said that revenue increased on a year over basis in all three of its distribution channels, including Wholesale, Retail and Internet. Revenue…