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Fossil Group, Inc. stock price
Fossil Group, Inc. latest news:
Watch seller stocks get a boost in wake of Apple event
Shares of watch sellers rallied Wednesday, as investors seemed to like the attention drawn to the industry in the wake of Apple Inc.' s product event. Movado Group Inc.' s stock rallied 1.1% in morning trade, while Fossil Group Inc. (FOSL) shares climbed 1.2% and Guess Inc.' s stock tacked on 0.3%. Although some Wall Street analysts expressed disappointment in the new iPhone X, many were upbeat on the new Apple Watch 3, which will be available this month.
BRIEF-Fossil Group Inc says entered into an addendum to executive severance agreement with Dennis R. Secor
Fossil Group Inc(FOSL). * Fossil Group Inc(FOSL) says on August 31 co entered into an addendum to executive severance agreement with Dennis R. Secor - SEC filing. * Fossil Group (FOSL) - pursuant to addendum, Secor will serve as co's executive vice president and CFO until October 16, 2017 - SEC filing. * Fossil Group Inc (FOSL) - Secor will remain employed with company through April 30, 2018.
Disney, Netflix and Fossil tumble while Green Dot rises
Walt Disney, Netflix and Fossil Group skid while Green Dot and Charles Schwab climb
Fossil shares tank on sizeable loss, departure of CFO
Shares of Fossil Group Inc. cratered in Tuesday's extended session after the fashion accessory company posted a sizeable loss on the back of a steep drop in stock price. It also announced the departure of its finance chief. Fossil reported it swung to a second-quarter loss of $344.7 million, or $7.11 a share, from a profit of $6 million, or 12 cents a share, a year earlier. Excluding intangible asset impairment charges of $6.50, Fossil would have lost 61 cents a share. The charge was a result of "sustained compression of the company's market capitalization that occurred throughout most of the latter part of the second quarter of fiscal 2017," according to the company. Fossil shares have plummeted 54% year to date. Revenue fell to $596.8 million from $685.4 million. Analysts surveyed by FactSet had projected a loss of 33 cents a share on revenue of $618 million. The company projected sales to drop 8.5% to 4.5% and loss per share of $7.42 to $6.62 in the third quarter. Separately, Fossil said Chief Financial Officer Dennis Secor has resigned and will be replaced by Jeffrey Boyer. Shares skidded 23% after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Classic Fund Management reports 6.10 pct passive stake in Fossil Group
Fossil Group Inc(FOSL). * Classic Fund Management reports 6.10 pct passive stake in Fossil Group Inc(FOSL) as of July 25 - SEC filing Source text: Further company coverage:
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