Fossil Group Inc FOSL shares are trading lower by $16 at $35.01 in Friday's session. Despite a Q3 beat for EPS of $0.11, sales came in light by $22 million. The company also lowered Q4 estimates.
The pelting from the pre-market session has followed though into the regular session. After a sharply lower open, it briefly rallied to $37.99 before another wave of sellers flooded the issue.
The ensuing decline reached $34.21 and has rebounded into the $35 handle. That tales the issue back to levels not seen since July 2010, when it bottomed at $33.86.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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