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Benzinga
Benzinga
Business
Henry Khederian

Why Fossil Shares Are Falling

Fossil

Fossil Group Inc (NASDAQ:FOSL) shares are trading lower by 15.3% at $12.31 after the company reported fourth-quarter earnings results.

Fossil reported quarterly earnings of 64 cents per share. This is a marked increase over earnings of 9 cents per share from the same period last year. Fossil also reported $604.20 million in sales this quarter. This is a 14% increase over sales of $528.10 million in the same period last year.

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