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.
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