Footwear maker Crocs Inc. (NASDAQ: CROX) reported positve fiscal third-quarter results, which according to Chief Executive John Duerde were “driven by the continuing strength of our consumer-direct businesses and the favorable effects of our cost reduction programs.” Net income for the quarter came tof $22.1 million with diluted earnings per share of $0.25, versus the year-ago quarter’s net loss of $148.0 million, or $1.79 per diluted share. However, for the fourth quarter, the company expects to recognize a loss of 15 cents to 20 cents a share, which includes the effect of impaired inventory sales and will on a go-forward basis, on a revenue range of $110 million and $115 million.