Shares of Crocs Inc. jumped in early morning trading, after beating Wall Street’s third quarter consensus estimates even though the shoe firm forecasts a fourth quarter revenue decline.

Shares of Crocs rose 5.2 percent to $89.07 in NasdaqGS trading.

For the three months ended Sept. 30, net income fell 27.0 percent to $145.8 million, or $2.70 a diluted share, from $199.8 million, or $3.36, in the year-ago period. On an adjusted basis, diluted EPS were $2.92. Revenues were down 6.2 percent to $996.3 million from $1.06 billion a year ago. By channel, direct-to-consumer (DTC) revenue rose 1.6 percent, while wholesale revenue fell 14.7 percent.

Crocs easily bested Wall Street’s expectations of adjusted diluted EPS of $2.36 on revenue of $961.5 million.

For the nine months, the net loss

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