Fossil (FOSL) PT, Estimates Cut at Mizuho Following More Weak Results
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steadies as US fuel demand concerns face Middle East supply risks
- Dollar sags after US GDP and inflation surprise, except against yen
- 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
- 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
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Fossil Group, Inc. Reports Third Quarter Fiscal Year 2016 Results
November 3, 2016 4:01 PM EDTThird Quarter Net Sales of $738 million; Diluted EPS of $0.36
 Updates Fiscal 2016 Guidance and Provides Fourth Quarter Guidance
Launches Multi-Year Process to Drive Profit Improvement
RICHARDSON, Texas, Nov. 03, 2016 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the Company) today reported its financial results for the fiscal quarter ended October 1, 2016.
Third Quarter Fiscal Year 2016 Revenue SummaryIn the third quarter of fiscal 2016, reported worldwide net sales decreased 4% or $33.3 million including declines in the Companys... More