Sports watches

dollar, sending its shares down 6 percent.

'Since the end of the third quarter business conditions have grown more challenging,' Chief Financial Officer Mike Kovar said in a statement.

'Global economies have weakened, but even more significant to our business model, is that the U.S. dollar has strengthened appreciably against most other currencies.'

Fossil, known for its namesake watches and Relic handbags, derives a significant portion of its sales from international markets.

The company, which also sells jewelry, leather goods, belts, sunglasses and apparel, expects fourth-quarter earnings of 70 cents a share, or 91 cents a share on a constant dollar basis.

The company, which competes with Quiksilver Inc (ZQK.N: Quote, Profile, Research, Stock Buzz), Movado Group Inc (MOV.N: Quote, Profile, Research, Stock Buzz) and larger rival like Coach Inc (COH.N: Quote, Profile, Research, Stock Buzz), had earlier forecast earnings of 94 cents to 97 cents a share for the period.

Fossil expects fourth-quarter sales to increase 5 percent to 6 percent, with constant dollar sales growth in the 10 percent to 12 percent range


We also carry an enchanting line of gifts for the bride, birthdays, and babies.'
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