Tuesday, May 15, 2007

UPDATE 1-Fossil posts partial results, before restatement

(Reuters) - Fossil said it had net sales of $304.8 million in the first quarter ended on April 7, but did not provide a net profit or earnings-per-share breakdown because of its broad restatement.

Earlier this month, the company said a review of its stock option accounting practices found that incorrect dates were used on some grants.


Read more at Reuters.com Market News

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