Fossil Group: 3Q Earnings Snapshot
RICHARDSON, Texas (AP) _ Fossil Group Inc. (FOSL) on Wednesday reported third-quarter net income of $5 million, after reporting a loss in the same period a year earlier.
The Richardson, Texas-based company said it had net income of 10 cents per share. Earnings, adjusted for restructuring costs, were 19 cents per share.
The watch and accessories maker posted revenue of $608.8 million in the period.
Fossil Group shares have more than doubled since the beginning of the year, while the Standard & Poor’s 500 index has increased 5 percent. In the final minutes of trading on Wednesday, shares hit $20.66, more than tripling in the last 12 months.