Fossil Group (FOSL) volatility elevated into Q2 EPS beat
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Piper Jaffray Remains Bearish on Fossil Group (FOSL) Following 2Q Results and Guidance
August 10, 2016 8:37 AM EDTPiper Jaffray reiterated an Underweight rating and $25.00 Price Target on Fossil Group (NASDAQ: FOSL) following the company's 2Q earnings report and conference call. Sales were reported at $685M vs. $673M estimates. EPS was at $0.12 vs. the Street's $0.09. Q3 was issued well-below expectations. Sales are forecasted to be down 6%-2% vs. former -0.7%... More