Market Overview

Fossil Shares Hit Rock Bottom After Q2 Miss


Fossil Group Inc (NASDAQ: FOSL) shares are trading lower by $2.69, or 23 percent, at $9.15 in Wednesday's session.

The catalyst for the sharp decline is an adjusted Q2 miss of 15 cents along with a $20 million miss for sales. The company slashed Q3 and FY 2017 EPS and sales guidance.

After a much lower open, Fossil continued in that direction before finally bottoming at $8.37. That exceeds its former all-time low made last June ($8.09). Since reaching that depressed level, it has been on a slow and steady rally, making a new high for the session at $9.19 as of 11:37 a.m. EST.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (FOSL)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Long Live The King? Disney Takes Streaming Into Its Own Hands

Nvidia Reports Q2 Earnings On Thursday After Market Close