Fossil Group: 2Q Earnings Snapshot
RICHARDSON, Texas (AP) _ Fossil Group Inc. (FOSL) on Wednesday reported a loss of $7.3 million in its second quarter.
The Richardson, Texas-based company said it had a loss of 15 cents per share. Losses, adjusted for restructuring costs, came to 4 cents per share.
The watch and accessories maker posted revenue of $501.4 million in the period.
Fossil Group shares have fallen 34% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 15%. In the final minutes of trading on Wednesday, shares hit $10.40, a decline of 60% in the last 12 months.