Revenue Update on Fossil Group Inc(NASDAQ:FOSL)

Fossil Group Inc(NASDAQ:FOSL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $685.40M. Analysts estimated a revenue of $671.86M. Earnings per share were $0.12. Analysts had estimated an EPS of $0.09.

Fossil Group Inc (FOSL) shares turned negative on Wednesdays trading session with the shares closing down -0.3 points or -0.94% at a volume of 11,85,851. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.85. The peak price level was also seen at $31.85 while the days lowest was $30.93. Finally the shares closed at $31.47. The 52-week high of the shares is $62.72 while the 52-week low is $26.03. According to the latest information available, the market cap of the company is $1,515 M.

Several Insider Transactions has been reported to the SEC. On Dec 10, 2015, Elysia Holt Ragusa (director) sold 2,718 shares at $37.07 per share price.

Fossil Group Inc. is a global designer marketer and distributor company that specializes in consumer fashion accessories. The Company’s offerings include a line of men’s and women’s fashion watches and jewelry handbags small leather goods belts sunglasses soft accessories and select apparel. The Company operates in four different segments: the North America Wholesale segment the Europe Wholesale segment Asia Pacific Wholesale segment and the Direct to Consumer segment. Its products are distributed globally through various distribution channels including wholesale retail stores and commercial Websites. The Company sells its products through a diversified distribution network that includes department stores specialty retail locations specialty watch and jewelry stores Company-owned retail and factory outlet stores mass market stores and through its FOSSIL Website.

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