U.S. Markets close in 35 mins

Fossil Group: 1Q Earnings Snapshot

RICHARDSON, Texas (AP) _ Fossil Group Inc. (FOSL) on Tuesday reported a loss of $48.3 million in its first quarter.

The Richardson, Texas-based company said it had a loss of 99 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.05 per share.

The watch and accessories maker posted revenue of $569.2 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $539.4 million.

Fossil Group shares have more than doubled since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has decreased nearly 2 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOSL at https://www.zacks.com/ap/FOSL