Crocs, Inc. (NASDAQ: CROX) shares are trading lower by 4% to $98.24 Friday afternoon. Shares of footwear and athletic apparel stocks are trading lower in sympathy with Nike, which fell after reporting mixed second-quarter results, revising its outlook and announcing cost savings plans.
What Happened With Nike?
Nike surpassed anticipated earnings per share by 18 cents, hitting $1.03, marking a 21.18% increase from the prior year. Despite revenue slightly missing expectations at $13.39 billion versus an expected ...
CROX) Shares Are Falling>Full story available on Benzinga.com