- 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.