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Fossil (FOSL) Stock Jumps as Q2 Results Beat Estimates

NEW YORK (TheStreet) -- Shares of Fossil (FOSL) were gaining 6.16% to $32.23 in late-morning trading on Wednesday after the company posted better-than-anticipated results for the 2016 second quarter.

After yesterday's closing bell, the Richardson, TX-based accessories retailer reported earnings of 12 cents per share, topping analysts' estimates of 9 cents per share.

Revenue for the period was $685 million, higher than Wall Street's projections of $671.9 million.

Full-year earnings per share are expected to range between $1.80 and $2.65. Analysts are...