Fossil rallies on strong results, upbeat annual forecast

** Shares of watchmaker Fossil FOSL.O rise 24.6% to $9.80 premarket

** Co sees FY26 net sales of $980 mln-$990 mln, above analysts' estimates of $$965.50 mln, according to data compiled by LSEG

** Posts Q3 adj. EPS of 23 cents, compared with a loss of 63 cents a year ago

** Co lifts adjusted operating margin to 5.5%-6.5%, up from prior forecast of 4%-6%

** Upbeat results driven by strong customer response to co's product innovation and storytelling - FOSL

** Reports Q3 sales of $271 mln, beating estimates of $248.7 mln

** All four brokerages rate the stock "buy" or higher; median PT is $11 - LSEG data

** As of last close, stock had more than doubled YTD