During Tuesday’s Current trade, Shares of Fossil Group Inc(NASDAQ:FOSL), gain 0.66% to $59.55.
Fossil Group, Inc. (FOSL) stated its financial results for the fiscal quarter ended July 4, 2015. In the second quarter of fiscal 2015, the translation impact from the strengthening of the U.S. dollar negatively influenced net sales by $50.9 million and reduced diluted EPS by $0.30. On a constant currency basis, second quarter net sales raised 2%.
Second Quarter Fiscal 2015 Revenue Summary
In the second quarter of fiscal 2015, stated worldwide net sales reduced 4% or $33.8 million driven by the negative impact of changes in foreign currency. The following table provides a summary of net sales performance contrast to the second quarter of fiscal 2014.
The Company stated net income for the second quarter of fiscal 2015 of $54.6 million contrast to $52.5 million for the second quarter of fiscal 2014. Diluted earnings per share were $1.12, contrast to $0.98 for the second quarter of fiscal 2014. In constant currency, diluted earnings per share for the second quarter of fiscal 2015 were $1.42, counting a restructuring charge of $0.10 per diluted share. The favorable earnings per share impact of the comparable 2% sales growth, non-operating gains and a lower share base combined to drive the enhance in diluted earnings per share.
Fossil Group, Inc., together with its auxiliaries, designs, develops, markets, and distributes consumer fashion accessories. The company operates through four segments: North America Wholesale, Europe Wholesale, Asia Pacific Wholesale, and Direct to Consumer. The company’s principal products comprise a line of men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories, and selected apparel.
Shares of Advaxis, Inc. (NASDAQ:ADXS), inclined 1.95% to $13.36, during its current trading session.
Advaxis, Inc. (ADXS), a clinical-stage biotechnology company developing cancer immunotherapies, declared that it has designated Shelonitda S. Rose, M.D., as Vice President, Clinical Development. Dr. Rose brings to Advaxis more than 15 years of experience in medical oncology and hematology clinical research.
In her role as Vice President, Clinical Development, Dr. Rose will report to Advaxis’s Executive Vice President, Chief Medical Officer, David J. Mauro, MD, Ph.D., and will oversee clinical development programs for the Company’s Lm Technology™ platform. Advaxis has initiated three new clinical trials in 2015, counting a combination study involving ADXS-PSA and Merck’s PD-1 checkpoint inhibitor KEYTRUDA® (pembrolizumab). In addition, the Company anticipates to initiate six additional clinical trials by the end of year to evaluate its Lm Technology™ immunotherapy in cervical cancer, HPV-associated anal cancer and HER2 expressing solid tumors.
Advaxis, Inc., a clinical stage biotechnology company, focuses on the discovery, development, and commercialization of Lm-LLO cancer immunotherapies in the United States.
Diageo plc (ADR)(NYSE:DEO), during its Tuesday’s current trading session gained 2.58% to $105.84.
Diageo, the world’s leading spirits, beer and wine company, declared several leadership appointments to its leadership.
Diageo recently declared that Larry Schwartz, President North America would retire by the end of this calendar year. Recently, Diageo has declared that Deirdre Mahlan, presently Chief Financial Officer, is to be designated President Diageo North America. Deirdre’s replacement will be declared in due course and until that time she will continue in her current role as CFO of Diageo.
Diageo plc manufactures and distributes premium drinks. Its products comprise Scotch and Irish whiskey, gin, vodka, rum, and ready to drink products, in addition to beer and spirits, Irish cream liqueur, Raki, wine, tequila, Canadian and American whiskey, adult beverages, Cachaça, and finishing centre products. The company’s core brands comprise Johnnie Walker Red Label, Johnnie Walker Black Label, Crown Royal, Buchanan’s, J&B, Baileys, Smirnoff, Captain Morgan, Guinness, Shui Jing Fang, and Yenì Raki.
Finally, DealerTrack Technologies Inc (NASDAQ:TRAK), gained 0.21%, to $62.88.
Cox Automotive, Inc. and Dealertrack Technologies, Inc. (TRAK) declared that following the Agreement and Plan of Merger, dated June 12, 2015, by and among Cox Automotive, Runway Acquisition Co., and Dealertrack (the “Merger Agreement”), Cox Automotive has extended the offering period of its formerly declared tender offer to purchase all of the outstanding shares of common stock (the “Shares”) of Dealertrack for $63.25 per Share, net to the seller thereof in cash, without interest and subject to any withholding taxes required by applicable law and upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 26, 2015 (the “Offer”). The Offer, which was formerly planned to expire at 12:00 midnight, New York City time, at the end of Friday, August 21, 2015, has been extended until 12:00 midnight, New York City time, on Monday, September 14, 2015, unless it is extended further under the circumstances set forth in the Merger Agreement. All terms and conditions of the Offer shall remain unchanged during the extended period.
American Stock Transfer & Trust Company, LLC, the depositary for the Offer, has advised Cox Automotive and Dealertrack that, as of 5:00 p.m., New York City time, on August 20, 2015, about 18,428,133 Shares of Dealertrack had been validly tendered and not validly withdrawn following the Offer (not counting 34,360 Shares tendered following notices of guaranteed delivery for which Shares have not yet been delivered in settlement or satisfaction of such guarantee), representing about 32.79% of Dealertrack’s outstanding Shares. Shareholders who have already tendered their Shares of Dealertrack do not have to re-tender their Shares or take any other action as a result of the extension of the Expiration Date of the Offer.
Dealertrack Technologies, Inc. provides Web-based software solutions and services to the automotive retail industry in the United States and Canada. It offers digital marketing solutions, which provide Websites, digital advertising, and other digital marketing offerings to assist dealers in achieving higher lead conversion rates that assist to optimize various shoppers to their Websites; dealer administration solutions, which provide dealer administration system featuring tools and real-time data access; and F&I solutions that allow dealers to streamline the in-store and online sales, in addition to financing processes.
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