Fossil Group, Inc. Reports Second Quarter Fiscal Year 2016 Results
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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
Fossil Group (FOSL) Tops Q2 EPS by 3c; Guides Q3 Below
August 9, 2016 4:03 PM EDTFossil Group (NASDAQ: FOSL) reported Q2 EPS of $0.12, $0.03 better than the analyst estimate of $0.09. Revenue for the quarter came in at $685 million versus the consensus estimate of $671.86 million.
GUIDANCE:
Fossil Group sees Q3 2016 EPS of $0.15-$0.40, versus the consensus of $0.68.
Kosta Kartsotis, Chief Executive Officer, commented on the results. Our financial results for the quarter, while below last... More
