Crocs Inc. is setting the stage for future growth.

The footwear firm on Thursday posted third quarter earnings result s that were better than what Wall Street expected. Shares of Crocs rose 5.2 percent to $89.07 in early morning trading on the NasdaqGS platform. The shares closed down nearly 2.1 percent to $84.69, but that was likely largely in part due to investors digesting the news that the U.S. and China had reached an understanding of sorts in their trade war.

Crocs posted a 27.0 percent decline in net income to $145.8 million, or $2.70 a diluted share, on a 6.2 percent revenue decline to $996.3 million. Adjusted diluted earnings per share (EPS) were $2.92. That was better than expected and easily bested Wall Street’s consensus calling for adjusted diluted EPS of $2.36 on reven

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