UPDATE: Fossil Posts Rise In Q2 Profit

Fossil FOSL posted a rise in its second-quarter profit. Fossil's quarterly earnings surged to $57.3 million, or $0.92 per share, versus $51.4 million, or $0.80 per share, in the year-ago period. Its revenue surged 14.3% to $636.1 million. However, analysts were expecting earnings of $0.78 per share on revenue of $634.9 million. Fossil shares jumped 13.21% to $79.01 in pre-market trading.