Crocs shares climb despite 4Q loss

NIWOT – Crocs Inc. (Nasdaq: CROX) saw shares climb 4.3 percent Friday despite a fourth-quarter earnings report following Thursday’s market close that included a larger net loss than analysts had expected.

The Niwot-based shoemaker reported a net loss of $56.9 million, or 70 cents per share, for the period ending Dec. 31, compared to a loss of $66.9 million or 76 cents per share for the same period a year earlier.

Shares closed at $11.15 Friday, up 46 cents from the day befor.

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Revenue for the quarter was $206.5 million, down from $228.7 million the year before.

For 2014 as a whole, the company’s net loss was $19 million, or 22 cents per share, on revenue of $1.2 billion. That’s after a profit of $10.4 million, or 12 cents per share in 2013.

For 2015, the company forecast first-quarter revenue to decline 10 to 12 percent on a constant currency basis to between $260 million and $265 million due largely to declines in the company’s China business. But the company said it expects sales growth to return by the second half of the year.