Crocs Shares Jump Over 12% After Impressive Q4 Results

Shares of Crocs, the popular footwear maker, surged more than 12% on Thursday, reaching $121.63, following the release of its fourth-quarter financial results. The company's top- and bottom-line figures exceeded analysts' expectations and reconfirmed its full-year forecast for adjusted earnings per share, which projected a range of $12.05 to $12.50. This is notably higher than the consensus estimate of $11.90 per share.