By  on August 12, 2009

Shares of Fossil Inc. slid nearly 10 percent in trading Tuesday after the accessories maker beat second-quarter earnings expectations but missed on sales and issued a weak third-quarter outlook.

For the three months ended July 4, the Richardson, Tex.-based firm’s net income fell 33.9 percent to $16.6 million, or 25 cents a diluted share, from $25.1 million, or 36 cents a share, a year ago.

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