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Fossil Rises After Fourth-Quarter Sales Beat Analyst Estimates 30 minutes ago

2016-02-17 00:55:35| Jewelry - Topix.net

Fossil Group Inc. rose as much as 18 percent in late trading after the watchmaker's fourth-quarter sales topped analysts' estimates, helped by new brands and investments in its digital operations. While revenue in the quarter through Jan. 2 fell 6.8 percent to $992.5 million, that handily beat analysts' $928.2 million average projection.

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