Fossil revenue misses estimates on lower sales in Europe
Nov 6 (Reuters) - Fashion accessories maker Fossil Inc posted lower-than-expected quarterly revenue due a fall in sales in Europe and a stronger dollar.
Net income attributable to Fossil rose to $76.8 million, or $1.26 per share, in the third quarter, from $69.6 million, or $1.09 per share, a year earlier.
On an adjusted basis, the company earned $1.28 per share.
Fossil, which sells its namesake brand as well as Michael Kors, Armani Exchange and Marc by Marc Jacobs, said revenue rose 6.4 percent to $684.2 million.
Analysts on average had expected earnings of $1.16 per share on revenue of $713.1 million, according to Thomson Reuters I/B/E/S.
- Search planes scour sea for missing Malaysian jetliner |
- Timeline: Malaysia Airlines flight to Beijing missing in Asia
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Exclusive: Malaysia plane probe narrows on mid-air disintegration - source
- Malaysian plane presumed crashed; questions over false IDs |