Fossil Group: 1Q Earnings Snapshot
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Fossil Group: 1Q Earnings Snapshot

Last Updated Jun 3, 2020 at 5:24 pm ADT

RICHARDSON, Texas (AP) _ Fossil Group Inc. (FOSL) on Wednesday reported a loss of $85.6 million in its first quarter.

On a per-share basis, the Richardson, Texas-based company said it had a loss of $1.69. Losses, adjusted for restructuring costs and asset impairment costs, were $1.50 per share.

The watch and accessories maker posted revenue of $390.7 million in the period.

In the final minutes of trading on Wednesday, the company’s shares hit $3.79. A year ago, they were trading at $10.25.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOSL at https://www.zacks.com/ap/FOSL

The Associated Press

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