July 26, 2007 / 10:16 PM / 12 years ago

UPDATE 1-Crocs 2nd-qtr earnings soar, sees 2007 above Street

(Recasts, adds outlook, after-market share movement)

July 26 (Reuters) - Shoemaker Crocs Inc. (CROX.O) posted quarterly earnings that more than tripled from a year ago helped by robust demand for its expanded footwear collection and strong overseas markets, and forecast 2007 results significantly above analysts’ estimates.

For the second quarter, the company reported net income of $48.5 million, or 58 cents a share, compared with $15.7 million, or 19 cents a share, a year ago.

Revenue rose 162 percent to $224.3 million.

Analysts on average were expecting earnings of 44 cents a share, before items, on revenue of $192.7 million, according to Reuters Estimates.

Looking ahead, the Niwot, Colorado-based company forecast third-quarter earnings of 58 cents to 62 cents a share, on revenue of $240 million to $250 million.

Analysts on average were expecting third-quarter earnings of 43 cents a share on revenue of $195.9 million.

For the full year, Crocs now expects earnings of $1.89 to $1.93 a share on total revenue of $810 million to $820 million.

Analysts were expecting earnings of $1.56 a share on revenue of $712.3 million for the year.

Shares of the company rose 15 percent in late electronic trade after closing at $50.59 on the Nasdaq. (Reporting by Aniruddha Basu in Bangalore)

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