By  on February 13, 2018

Shares of Fossil Group Inc. jumped more than 70 percent in after-market trading as the company blew past Wall Street’s fourth-quarter hopes and said its wearable tech business was finding its footing.

“While sales and earnings were challenged as expected [in 2017], we generated progress toward our objectives that include: driving growth in wearables across our portfolio of powerful brands, leveraging our scale to lower supply chain costs, increasing our digital capabilities and continuing the transformation of our business,” said Kosta Kartsotis, chairman and chief executive officer.

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