(Updates with the latest stock price movement in the first paragraph and headline.)
Fossil (FOSL) shares rose over 25% on Wednesday, a day after the company posted better-than-expected Q3 results.
The company reported Q3 adjusted earnings late Tuesday of $0.23 per diluted share, swinging from a loss of $0.63 a year earlier.
Three analysts polled by FactSet expected a loss of $0.04.
Revenue for the three months ended Oct. 3 was $271.2 million, compared with $270.2 million a year ago.
Four analysts expected $248.7 million.
The company said it now expects full year 2026 revenue of $980 million to $990 million, compared with its previous estimate of revenue decline of 3% to 5%.
Analysts expect $965.5 million.
Separately, Fossil said late Tuesday it has extended its global licensing agreement with Diesel by five years. Fossil will continue to design, manufacture and sell Diesel watches and jewelry worldwide through 2032, the company said.
Price: 9.87, Change: +2.00, Percent Change: +25.40
