Revenue Falls Short For Fossil

Posted on May 08, 2012 at 14:27 PM EDT

Fossil Inc. (Nasdaq: FOSL) reported higher first quarter earnings of 93 cents per share compared with 86 cents per share in the year ago period but revenue fell short of expectations and the fashion accessories company slashed its full year forecast. The stock price collapsed $46.34 to $79.43.

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Fossil, Inc.

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