Fossil says its latest quarterly results were driven by robust sales around the world but doesn’t expect it to continue and that’s weighing on shares. Sales grew in all of their business segments and the company beat estimates by posting earnings that were $0.05 cents a share higher than what analysts had expected. Sales came in at $771 million. Fossil's CEO noted their diversified business model which is helping the company gain a competitive advantage. He said, "we continued our initiative to refine and optimize our operating structure to create fuel to drive our growth." Fossil's stock was down due to a weak forecast almost 5 percent after the close on Tuesday.

If you liked this article you might like

Dow Soars Over 250 Points to Post Its Fourth Straight Day of Gains
Buy Apple Stock After Monster Rally From This Retail Stock

Buy Apple Stock After Monster Rally From This Retail Stock

Jim Cramer on What Fossil's Wearables Strength Means for Apple

Jim Cramer on What Fossil's Wearables Strength Means for Apple

Investors Finally Dig Fossil Group

Investors Finally Dig Fossil Group

Fossil Stock Soars 87% and May Have Another 50% Rally Coming

Fossil Stock Soars 87% and May Have Another 50% Rally Coming