Halloween Horror Takes Down CROCS

The mighty run in the shares of CROCS, Inc (CROX-NASDAQ) finally hit a wall as earnings and revenue guidance for the fourth quarter fail to inspire bulls on the stock.

The Niwot, Colo., company posted third-quarter earnings of $56.5 million, or 66 cents a share, up from $21.5 million, or 27 cents a share, a year earlier. Analysts, on average, expected earnings of 63 cents a share.

Revenue rose to $256.3 million from $111.3 million the prior year. While that was above Crocs' guidance of $240 million to $250 million, it missed analysts' target of $258.4 million. TheStreet.com

The stock is being taken down in the aftermarket, trading at $56.65 at 6:30 EST, down from its $74.75 close. But the damage might become somewhat contained from these levels if the stock can maintain a roughly 20x EPS multiple on 2008 estimates that should settle in around $2.70 per share. Too, the shorts will get a reprieve for the first time in months, although the most fanatical are sure to predict additional cockroaches lurk.

Crocs Gets Stomped
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