The Richardson, Texas-based watch maker said third-quarter profit fell but sales improved at company-owned stores. Fossil raised its fourth-quarter and full-year guidance as a result. Profit for the period ended Oct. 3 fell 3 percent to $35.3 million, or 52 cents per share, from $36.5 million, or 54 cents per share, in the same period last year, beating average estimates of 42 cents per share.
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