(Bloomberg) — Fossil Group Inc. shares surged in premarket trading after quarterly revenue beat the watchmaker’s forecasts by a wide margin thanks in part to strong sales in China.Revenue in the third quarter fell 19% to $435 million, Fossil said in a statement. The company had projected a decline of 35% to 45% in the period. The stock gained as much as 32% in early trading Thursday.“We outperformed our topline expectations in the third quarter, reflecting ongoing momentum in our digital channels and strong growth in mainland China, as well as trend improvement in the wholesale channel globally,” Chief Executive …read more
Source:: Yahoo Finance
