Fossil Inc. (FOSL) reported first quarter net income of $0.93 per share Tuesday morning, up from $0.86 per share in the prior year period. The consensus estimate was for EPS of $0.92. The company expects to report second quarter EPS of $0.77 to $0.79 and between $5.30 and $5.40 for the full year 2012. The consensus estimates are for EPS of $0.94 and $5.56.
Fossil gapped open dramatically lower Tuesday and declined during the first hour of trade. The stock ended the session lower by 47.25 at $78.52 on the highest volume of the year. Fossil plunged to nearly a 4-month low and fell below its 200-day moving average.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.