Fossil Group: 2Q Earnings Snapshot
RICHARDSON, Texas (AP) _ Fossil Group Inc. (FOSL) on Tuesday reported a loss of $7.8 million in its second quarter.
The Richardson, Texas-based company said it had a loss of 16 cents per share. Earnings, adjusted for restructuring costs and asset impairment costs, came to 17 cents per share.
The watch and accessories maker posted revenue of $576.6 million in the period.
Fossil Group shares have more than tripled since the beginning of the year, while the Standard & Poor’s 500 index has increased almost 7 percent. In the final minutes of trading on Tuesday, shares hit $26.31, more than doubling in the last 12 months.