07:46 AM EDT, 10/29/2024 (MT Newswires) -- Crocs ( CROX ) reported Q3 adjusted earnings Tuesday of $3.60 per diluted share, up from $3.25 a year earlier.

Analysts polled by Capital IQ expected $3.11.

Revenue for the quarter ended Sept. 30 was $1.06 billion, up from $1.05 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.05 billion.

For Q4, Crocs ( CROX ) expects adjusted earnings of $2.20 to $2.28 per diluted share. Analysts polled by Capital IQ expect $2.73.

The footwear company said it now expects adjusted earnings of $12.82 to $12.90 per diluted share in 2024, narrowed from its earlier guidance of $12.45 to $12.90. Analysts surveyed by Capital IQ expect $12.85.

Shares of the company were down more than 10% in recent Tuesday premarket activity.

Price: 123.98, Change: -14.07, Percent Change: -10.19