Shares of Fossil Group Inc. retreated in after-hours trading Tuesday following disappointing guidance issued in conjunction with better-than-expected first-quarter results.
For the three months ended April 5, the Richardson, Tex.-based watch and accessories firm reported net income of $66.3 million, or $1.22 a diluted share, 8.2 percent below the $72.2 million, or $1.21, reported in the first quarter of 2013. The first-quarter result was 5 cents a share better than the $1.17 in earnings per share expected, on average, by Wall Street analysts. Year-ago results included an 11-cent benefit related to the acquisition of the company’s joint venture in Spain.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)