$CROX - Earnings just released -
Added 2024-05-07 12:15:43 +0000 UTC$CROX just released:
~EPS: $3.02 vs $2.23 est
~SALES: $939.00B vs $881.71B est
~See's Q2 revenue up +1-3%
~See's Q2 EPS $3.40-$3.55. vs $3.47 Est.
A comfortable beat across the board but price is down -2% in the PM now and on the chart we can make out why.
The price retested the very large wedge from the bottom this week and wanted a strong report to finally breakout and stay above this level....the devil is in the detail of the report but it may not be enough to stay on to outside of this wedge......it may come down to FCF again.
Staying below the wedge line and the price can continue to drift into the apex of the wedge before attempting another breakout.
I don't think the earnings was weak enough to send this down to Wave C.
Comments
Perfect, earnings was good, I assumed I missed something
Gareth Neary
2024-05-07 13:36:21 +0000 UTClove the earnings and chars Cap. Price now up 8%. Lucky I added to my position last week
rajiv vijendran
2024-05-07 13:34:48 +0000 UTC
