Fossil Group Inc
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Consumer Discretionary : Textiles, Apparel & Luxury Goods | Small Cap Value
Company profile

Fossil Group, Inc. is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company offers line of men's and women's fashion traditional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. The Company's segments include Americas, Europe and Asia. The Americas is comprised of sales from its operations in the United States, Canada and Latin America. The Europe segment is comprised of sales to customers based in European countries, the Middle East and Africa. The Asia segment is comprised of sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. The Company's owned brands include FOSSIL, SKAGEN, MICHELE, RELIC and ZODIAC and licensed brands ARMANI EXCHANGE, DIESEL, DKNY, EMPORIO ARMANI, KATE SPADE NEW YORK, MICHAEL KORS, PUMA, and TORY BURCH. Its products are distributed through wholesale, retail stores, commercial Website, and others.

Closing Price
Day's Change
-0.18 (-7.26%)
B/A Size
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10-day average volume:

New Relic stock soars after earnings as forecast tops expectations

6:03 pm ET February 7, 2023 (MarketWatch)

Shares of New Relic Inc. (NEWR) were surging more than 14% in after-hours action Tuesday after the company topped expectations with its latest results and delivered an upbeat forecast. The software company, which lets companies store and analyze data, generated a fiscal third-quarter net loss of $26.0 million, or 38 cents a share, compared with a loss of $62.7 million, or 96 cents a share, in the year-before quarter. On an adjusted basis, the company earned 32 cents a share, whereas it lost 18 cents a share on the metric a year prior. The FactSet consensus was for 15 cents a share in adjusted earnings. Revenue rose to $239.8 million from $203.6 million, while analysts were modeling $232.7 million. "We are attracting new customers at a rapid pace and growing with our existing customer base as they expand their observability practices and continue with their digital transformation and cloud adoption," Chief Executive Bill Staples said in a release. For the fiscal fourth quarter, New Relic expects $240 million to $242 million in revenue and 20 cents to 23 cents in adjusted earnings per share. The FactSet consensus was for $238.8 million in revenue and 15 cents in adjusted EPS.

-Emily Bary


(END) Dow Jones Newswires

February 07, 2023 18:03 ET (23:03 GMT)

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