It's been quite a week for Fossil (NASDAQ:FOSL) investors, and it's only Tuesday! Shares jumped more than 18% today after the company reported earnings this morning.
Second-quarter earnings beat analysts' expectations on both EPS and revenue. Third-quarter guidance was less than expected, though full-year guidance matched the consensus.
Fossil's earnings rally was welcomed by investors, who yesterday watched the stock fall 6% after a Barclays analyst downgraded the stock. Motley Fool analyst David Hanson explains the downgrade and the earnings report, and notes that including today's rally, the stock is up 80% in the past year.