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After the closing bell sounded yesterday, footwear firm Crocs (NASDAQ: CROX) reported second-quarter earnings, or should we say second-quarter loss -- yet the Street is ready to celebrate.
The foam footwear manufacturer reported a second-quarter loss of $30.3 million, or 36 cents per share. Taking a $34.8 million charge out of the equation, CROX would have lost a mere six cents per share. While these results are worse than those of a year ago, they managed to top Wall Street's expectations for a loss of 21 cents per share.
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