|Bid||19.42 x 800|
|Ask||19.44 x 900|
|Day's Range||18.10 - 19.50|
|52 Week Range||6.26 - 32.17|
|Beta (3Y Monthly)||-0.92|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Fossil's (FOSL) bottom line improves year over year and marks its sixth consecutive beat in Q3. However, sales remain soft, owing to weakness in traditional watches.
Fossil Group (FOSL) delivered earnings and revenue surprises of 272.73% and -3.79%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Richardson, Texas-based company said it had net income of 10 cents per share. Earnings, adjusted for restructuring costs, were 19 cents per share. The watch and accessories maker posted revenue of ...
On Wednesday, Nov. 7, Fossil, Inc. (NASDAQ: FOSL ) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release. Earnings and Revenue Wall ...
Fitbit (NYSE:FIT) will probably beat analysts’ consensus expectations when the company unveils its third-quarter results on Oct. 31 after the market closes. While those concerns will probably keep a lid on Fitbit stock in the near term, FIT stock is likely to rally strongly over the longer term. The company reported that demand for the product had outpaced supply, strongly suggesting that Fitbit had not baked such huge sales of the device into its guidance.
Fitbit stock (FIT) has declined significantly over the last few years. The stock touched an all-time high of $47.51 in August 2015 and has since fallen to $4.50. Fitbit stock declined 11% last month and is down 15.9% in October 2018. The stock has lost 21% in 2018. Fitbit was once the market leader in the global wearable market. However, it has since lost the position to Apple. A fall in product sales has impacted profitability as well.
Fitbit (FIT) stock tumbled shortly after Apple (AAPL) unveiled its latest smartwatch model, the Apple Watch Series 4. The new Apple smartwatch is packed with more fitness and health tracking features than its predecessors. As a result, the Apple Watch Series 4 appears to venture further into Fitbit’s fitness and wellness territory.
Shares of wearables company Fitbit (FIT) rose 6.5% on September 18. The stock is currently trading at $5.80, 29% above its 52-week low of $4.51 and 25% below its 52-week high of $7.79. The stock rose after a Bloomberg report stated that smartwatches would not be part of the $200 billion worth of Chinese imports affected by the latest round of US tariffs.
Market research company IDC reported that Apple (AAPL) Watch shipments rose 38.4% YoY (year-over-year) to 4.7 million units in the second quarter, much higher than overall wearables market growth of 5.5% in the period. Apple’s share in the wearables market rose from 13% in the second quarter of 2017 to 17% in the second quarter 2018 and replaced China’s (FXI) Xiaomi as the leading player in the space. Its market share fell from 12.8% to 9.5%.
In the previous part of this series, we saw that Fitbit (FIT) stock rose after the company announced the launch of Charge 3. Consumer product companies typically need to keep launching new devices to keep customers interested and expand their existing user base. Earlier this year, Fitbit launched the Versa, which sold out in the second quarter.