Fossil Group Q4 Profit Rises

(RTTNews) - Fashion accessories maker Fossil Group Inc (FOSL) Tuesday reported fourth-quarter net income of $154.1 million or $3.00 per share, up from $148.5 million or $2.68 per share last year.

Net sales for the quarter rose to $1.065 billion from $1.062 billion last year.

Analysts polled by Thomson Reuters expected earnings of $3.07 per share on revenues of $1.12 billion for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company expects earnings of $5.45 to $6.05 per share and sales to be in a range of down 3 percent to up 1 percent. Analysts currently estimate earnings of $7.54 per share and sales growth of 4.60 percent for the year.

For the first quarter, the company expects earnings of $0.59 to $0.69 per share and sales of about 7.5 to 5.5 percent. Analysts currently estimate earnings of $1.21 per share on revenues of $788.93 million for the quarter.