Fossil Earnings: Here’s Why Investors are Buying Shares Now
Fossil, Inc. (NASDAQ:FOSL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 14.42%.
Fossil, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.28% to $1.1 in the quarter versus EPS of $0.93 in the year-earlier quarter.
Revenue: Rose 11.02% to $706.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Fossil, Inc. reported adjusted EPS income of $1.1 per share. By that measure, the company beat the mean analyst estimate of $0.93. It beat the average revenue estimate of $691.2 million.
Quoting Management: “At the halfway mark of the year, we remain confident in our outlook and excited about our future. We manage a diverse portfolio of world-class brands that gives us a unique position in the global marketplace. Our category leadership and design innovation allows us to bring compelling products to market that resonate with consumers around the world. In addition, our solid capital structure and diversified business model provides us with an incredible platform to continue to generate strong cash flows to support our future growth and continue to deliver outstanding returns for our shareholders.”
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