=Crocs (CROX) reported earnings on Wed 10 May 2017 (b/o)

NIWOT, Colo. (AP) _ Crocs Inc. (CROX) on Wednesday reported first-quarter earnings of $11 million.

On a per-share basis, the Niwot, Colorado-based company said it had net income of 8 cents. Earnings, adjusted for non-recurring costs, were 11 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The footwear company posted revenue of $267.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $257 million.

For the current quarter ending in July, Crocs said it expects revenue in the range of $305 million to $315 million.

Crocs shares have dropped roughly 10 percent since the beginning of the year. The stock has fallen 20 percent in the last 12 months.