FOSL

12-Nov-15 16:10 ET
Fossil beats by $0.05, misses on revs; guides Q4 EPS below consensus; acquires wearable tech. co Misfiit  (51.01 -1.03)
  • Reports Q3 (Sep) earnings of $1.19 per share, $0.05 better than the Capital IQ Consensus of $1.14; revenues fell 13.8% year/year to $771 mln vs the $794.97 mln Capital IQ Consensus.
  • Co issues downside guidance for Q4, sees EPS of $1.05-1.65 vs. $2.14 Capital IQ Consensus. Expects revenue to decline 16.0-7.0% y/y; sees Operating Margin in the range of 8.5-11.5%.
  • Lowers FY15 EPS GAAP guidance to $4.15-4.75 (Prior $4.80-5.60); Expects revenues to decline 10.5-8.0% (Prior down 8-4%).

Courtesy of Briefing.com

I have watched FOSL fall from the 140 area. Their primary business are watch’s. Since cell phones and ever other piece of electronics has a watch in it this was a forgone conclusion.

FOSL has great support in the 33 buck area and that’ my target.

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