07:56 AM EDT, 05/07/2024 (MT Newswires) -- Crocs ( CROX ) reported Q1 adjusted earnings Tuesday of $3.02 per diluted share, compared with $2.61 a year earlier.

Analysts surveyed by Capital IQ expected $2.25.

Revenue for the quarter ended March 31 was $938.6 million, compared with $884.2 million a year earlier. Analysts surveyed by Capital IQ expected $884.7 million.

The footwear company said it expects adjusted diluted EPS of $3.40 to $3.55 for Q2, and $12.25 to $12.73 for the full-year 2024. Analysts surveyed by Capital IQ are expecting Q2 and full-year adjusted EPS of $3.48 and $12.47, respectively.

Crocs' ( CROX ) shares were down by nearly 4% in recent premarket activity.

Price: 121.01, Change: -5.62, Percent Change: -4.44