Crocs reaffirms full-year guidance, shares climb after hours

NIWOT, Colo.—Shoe company Crocs Inc., best known for its bright plastic clogs, reaffirmed its full-year outlook Wednesday and guided for adjusted second-quarter earnings above Wall Street's estimates.

For the quarter ending June 30, the company forecast a profit of 42 cents to 47 cents per share and adjusted earnings of 45 cents to 50 cents per share. Analysts predict a profit of 43 cents per share, according to a poll by Thomson Financial.

Crocs also reiterated its outlook for revenue growth of 10 percent to 15 percent for the quarter.

For the full year, the company backed its sales growth forecast of 15 percent to 20 percent, and said it expects earnings of $1.54 to $1.64 per share, or $1.70 to $1.80 per share excluding items. Analysts forecast a profit of $1.60 per share.

Shares rose $1.38, or 13.9 percent, to $11.34 in after-hours electronic trading. The stock earlier closed down 6 cents at $9.96.