Shares of Fossil Group (FOSL) fell almost 16% on Wednesday, making it TheStreet’s Move of the Day. The watch and fashion retailer posted disappointing fourth quarter earnings on Tuesday, leading to Wednesday’s sell-off. Even though profit rose 4% year-over-year, earnings per share of $3.01 fell short of the $3.07 Wall Street was looking for. The company also lowered its 2015 guidance on the heels of foreign exchange headwinds. Net sales for the first quarter will drop 5.5% to 7.5%, the company predicts. Shares of Fossil Group are trading at $83.69 per share and are down 24.4% since the start of the year. TheStreet’s Scott Gamm reports from New York.
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