Pre-market Movers: King Digital (KING), Fossil (FOSL), JDS Uniphase (JDSU)

JDS Uniphase (JDSU) shares fell as much as 7.6 percent in extended trading Tuesday after the network equipment maker disappointed the Street by issuing downside guidance for Q1/(Sep) adjusted revenue and profit below expectations. The firm sees Q1 ending Sept. 27, EPS of $0.08-$0.12 excluding non-recurring items, versus $0.15 estimate on net revs of $405-$425 million versus $441.2 million. Shares of JDS Uniphase closed at $11.91 on Tuesday. The stock is down 8.28% year-to-date and currently trading at $11.11/share.

King Digital Entertainment (KING) nosedived as much as 26 percent after the firm reported lower-than-expected Q2 revenue on Tuesday. The maker of the popular mobile game ‘Candy Crush’ said revenue came in at $593.5 million missing analysts’ projections of $605.7 million. EPS registered $0.59 versus $0.60. KING slumped 22 percent to $14.20 at 5:22 a.m.  ET in New York after closing at $18.20.

Shares of Fossil Group Inc (FOSL) fell more than 2 percent in premarket hours despite quarterly earnings report that beat both top and bottom lines. Fossil reported second-quarter EPS of $0.98, $0.02 better than consensus estimates of $0.96. Revenues came in 9.6% higher year-over-year to $774 million versus $771.25 million consensus. For the year, the company that designs watches, jewelry, handbags and clothing issued EPS estimate to $6.95 – $7.35 on net sales growth of 8.75% – 10%. That compares to its previous EPS/estimate for a profit of $6.90 – $7.30 on net sales growth of 8% – 10%. Shares of Fossil Group closed at $102.25 on Tuesday. The stock is down 14.75% year-to-date and currently trading at $99.99/share.

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