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Fossil Inc. (FOSL) Set A 9-Month High After Q4 Earnings Beat

Fossil Inc. (FOSL) reported fourth quarter adjusted EPS of $2.27 Tuesday morning, which beat the consensus estimate of $2.26. The company expects to report first quarter EPS of $0.93 to $0.98 and between $5.85 and $6.15 for the full year 2013. The consensus estimates are for EPS of $1.03 and $6.13.

Fossil gapped open higher Tuesday, but traded in a range for the majority of the session. The stock finished with a gain of 3.19 at $110.65, with volume at a 3-month high. Fossil rose above nearly a 1-month range and set a 9-month high.

by RTTNews Staff Writer

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