Fossil Group Inc. (FOSL) reported first quarter EPS of $0.75 after the bell Tuesday, compared to $1.22 in the prior year period. Analysts expected EPS of $0.64. The company expects to report second quarter adjusted EPS of $1.18 to $1.29 and between $7.00 and $7.60 for the full year. The consensus estimates are for EPS of $0.70 and $5.67.
Fossil Group gapped open lower Wednesday and has fallen sharply in early trade. Shares are now down 6.27 at $80.19 on above average volume. The stock is now testing the lower end of a 2-month trading range at the lows of the year.
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