By  on August 9, 2011

Shares of Fossil Inc. fell 12.5 percent Tuesday to close at $82.25 because the firm’s fiscal year 2011 forecast was below analysts’ estimates.

For fiscal year 2011, diluted earnings per share are forecasted at between $4.44 and $4.50, which compares with fiscal year 2010 diluted EPS of $3.77. However, analysts were expecting $4.63 for the year.

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