Fossil Group shares rise 8.19% intraday after reporting better-than-expected Q2 earnings and reaching debt restructuring agreement.

Fossil Group, Inc. surged 8.19% intraday, following the release of its second-quarter earnings report, which exceeded expectations with a loss of $0.10 per share compared to the anticipated $0.25. Additionally, the company reached a debt restructuring agreement with creditors, stabilizing its debt structure. The company also reported a net loss of $20 million for the first half of the fiscal year, a 68.40% decrease year-over-year.