trending Market Intelligence /marketintelligence/en/news-insights/trending/pGZOQOMjGGd_l5FeKQRG_A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fossil Group swings to loss in Q3

Machine Learning and Credit Risk Modelling

OTT Helps To Offset Pay TV Losses for Video Security Vendors

5G Survey: Despite COVID-19 delays, operator roadmaps still lead to 5G

Barclays Research – Now Available In The S&P Global Market Intelligence Aftermarket Research Collection


Fossil Group swings to loss in Q3

Fossil Group Inc. said its normalized net income for the third quarter amounted to a loss of 4 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 15 cents per share.

The per-share result swung to a loss from the prior-year profit of 48 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.8 million, compared with income of $23.2 million in the third quarter ended Oct. 1, 2016.

The normalized profit margin fell to negative 0.3% from 3.1% in the year-earlier period.

Total revenue fell 6.7% year over year to $688.7 million from $738.0 million, and total operating expenses declined year over year to $683.5 million from $692.3 million.

Reported net income totaled a loss of $5.3 million, or a loss of 11 cents per share, compared to income of $17.4 million, or 36 cents per share, in the third quarter ended Oct. 1, 2016.