Crocs Trades Sharply Lower after Resumption of Trade

Crocs

is trading sharply lower after lowering it Q3 revenue and EPS guidance. For the third quarter of 2011, the company is expecting revenue to be in the range of $273.0 to $275.0 million, which compares to the previous guidance for third quarter 2011 revenue of $280.0 million. For the third quarter 2011, the company is now expecting diluted earnings per share to be between $0.31 and $0.33 compared to its previous guidance of diluted earnings per share of $0.40. Crox is currently trading at $17.35 in after hours, a loss of 35.21%