RTTNews | Oct 27, 2020 07:51AM EDT

07:50 Tuesday, October 27, 2020 (RTTNews.com) - While reporting financial results for the third quarter on Tuesday, casual footwear maker Crocs, Inc. (CROX) provided revenue growth outlook for the fourth quarter and full-year 2020, well above analysts' estimates.

The company expects fourth-quarter revenue to grow between 20 and 30 percent from last year. This translates into full year 2020 revenue growth of approximately 5 to 7 percent.

On average, analysts polled by Thomson Reuters expect the company to report revenue growth of 8.4 percent to $285.01 million for the quarter and revenue growth of 0.5 percent to $1.24 billion for the year.

The company noted that the financial guidance excludes the potential impact of any future COVID-related shutdowns in major markets.

Read the original article on RTTNews ( https://www.rttnews.com/3139550/crocs-guides-q4-fy20-revenue-growth-well-above-estimates-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved