Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg News

Fossil Drops After Quarterly Sales Trail Estimates: Dallas Mover

November 06, 2012

Fossil Inc. (FOSL:US), the maker of the namesake watch brand, fell the most in almost six months after reporting sales that trailed analysts’ estimates.

Fossil slumped (FOSL:US) 10 percent to $84.24 at the close in New York, the biggest decline since May 8. The shares have advanced 6.1 percent this year.

Third-quarter sales rose 6.4 percent to $684.2 million, the Richardson, Texas-based company said today in a statement. Analysts projected $713.5 million, the average of estimates (FOSL:US) compiled by Bloomberg. Fossil also lowered its fourth-quarter sales (FOSL:US) forecast by about 4 percentage points, to a 12 percent increase, because of slowing European growth. Analysts anticipated a 16 percent gain.

Net income in the third quarter rose 10 percent to $76.8 million, or $1.26 a share, from $69.6 million, or $1.09, a year earlier, Fossil said today.

To contact the reporter on this story: Lauren Coleman-Lochner in New York at

To contact the editor responsible for this story: Robin Ajello at

blog comments powered by Disqus