. Fossil said it lost $1.69 per share on revenues of $390.7 million. Factset analysts estimated a $1.51 loss per share for the quarter and $381.3 million in revenue.
To deal with setbacks stemming from the pandemic, the company said it has cut costs and "enhanced its financial position" by drawing down $100 million of its $275 million credit facility and eliminating the majority of its planned capital expenditures for 2020, among other measures. Fossil said it is not providing future financial guidance due to uncertainty stemming from the pandemic and said it expects the biggest sales impact to be in the second quarter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Wall Street ponzi schemers getting way out over skis and the little guys are about to take it up the shorts .... again. WallStreet stocks ponzi market
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves after hours: Zoom, Lyft, CrowdStrike and moreCheck out the companies making headlines after the bell. people are nutts man.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Lyft, Boeing, Cheesecake Factory, Simon Property & moreCheck out the companies making headlines in midday trading. GNUS is the next NFLX GNUSBrands netflix stoolpresidente Disney NBA RemarkHoldings
Source: CNBC - 🏆 12. / 72 Read more »
Citi warns stocks are 'way ahead of reality,' JPMorgan sees more gains - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Both are true. And neither situation makes any sense.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Casino stocks rally, and chart signals another 26% surgeCasino stocks, among the hardest hit early in the coronavirus pandemic, have bounced hard off their lows. More gains are on the way, says Oppenheimer's Ari Wald. TradingNation Absolute clown market. TradingNation $IGT TradingNation While the casinos and sports betting parlors closed, the stock market casino is the only game in town.
Source: CNBC - 🏆 12. / 72 Read more »
German stocks shine in Europe as carmakers surgeEuropean stocks hit their highest levels since early March on Tuesday, with German stocks outperforming as carmakers rallied on hopes of stimulus and Lufthansa gained after its board approved a state bailout. qwwe4s
Source: Reuters - 🏆 2. / 97 Read more »
European stocks rise at the open, with DAX surging after three-day breakEuropean stocks rose at the open on Tuesday, extending gains that have pushed the Stoxx Europe 600 to close higher in five of the last six sessions. The...
Source: MarketWatch - 🏆 3. / 97 Read more »