Nov 6 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