Want to join the conversation?
For 3Q15, $FOSL's OpEx down 3% to $342MM due to currency headwinds & $3MM for restructuring. Excluding currencies & restructuring, OpEx increased slightly due to increased marketing & advertising investments, investments to support strategic initiatives & store expenses related to 2014 store opening. OpEx rate was 44.3% compared to 39.6% last year.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.