Crocs Inc. said its normalized net income for the fourth quarter came to a loss of 40 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 33 cents per share.

The per-share loss grew 21.0% year over year from 33 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $29.1 million, compared with a loss of $26.6 million in the year-earlier period.

The normalized profit margin fell to negative 15.8% from negative 12.9% in the year-earlier period.

Total revenue rose on an annual basis to $208.7 million from $206.5 million, and total operating expenses rose on an annual basis to $256.8 million from $248.5 million.

Reported net income totaled a loss of $73.9 million, or a loss of $1.01 per share, compared to a loss of $51.2 million, or a loss of 64 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 34 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 14 cents.

EPS was 25 cents in the prior year.

Normalized net income was a loss of $25.6 million, compared with income of $21.0 million in the prior year.

Full-year total revenue declined 9.0% year over year to $1.09 billion from $1.20 billion, and total operating expenses declined year over year to $1.13 billion from $1.16 billion.

The company said reported net income totaled a loss of $98.3 million, or a loss of $1.30 per share, in the full year, compared with a loss of $18.7 million, or a loss of 22 cents per share, the prior year.