Fossil Inc. (FOSL) said that it now expects its fourth-quarter net earnings to exceed the top end of its prior range of $0.82 - $0.86 per share. The company said that the better-than-expected performance is primarily the result of stronger wholesale shipments in the U.S and net sales increases in the Company's worldwide direct to consumer segment, primarily due to comparable store sales surpassing the Company's original expectations.
The company now expects fourth quarter net sales to be in the range of $520 million - $525 million, compared to prior range of $497 million - $506 million.
Analysts polled by Thomson Reuters expect the company to report earnings of $0.85 per share on revenues of $503.06 million for the fourth-quarter. Analysts' estimates typically exclude special items.
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