Fossil Group: 3Q Earnings Snapshot
RICHARDSON, Texas (AP) _ Fossil Group Inc. (FOSL) on Wednesday reported a third-quarter loss of $25.9 million, after reporting a profit in the same period a year earlier.
The Richardson, Texas-based company said it had a loss of 51 cents per share. Losses, adjusted for asset impairment costs and restructuring costs, were 15 cents per share.
The watch and accessories maker posted revenue of $539.5 million in the period.
Fossil Group shares have fallen 20% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 23%. In the final minutes of trading on Wednesday, shares hit $12.54, a drop of 47% in the last 12 months.