Crocs posts increase in profit despite dip in revenue

NIWOT — Crocs Inc. (Nasdaq: CROX) on Wednesday reported an increase in profit despite a decline in revenue for its first quarter that ended March 31. The Niwot-based maker of casual footwear posted a profit of $7.2 million, or 8 cents per share, compared with a profit of $6.4 million and 7 cents per share during the same period a year ago. Revenue for the quarter was $267.9 million, down 4 percent compared with the…