[R]10:00AM New York - Air Transport Services Group Inc sales fell 40.5% and net income was $8.1 million. Fossil, Inc sales fell 11% and net income fell 34%.[/R]

Air Transport Services Group Inc, a diversified family of air cargo related businesses reported second quarter sales fell 40.5% to $235.1 million from $394.9 million a year ago. Net income in the quarter was $8.1 million or 13 cents per diluted share compared to net loss of $526,000 or 1 cent per share a year ago.

Air Transport Services Group Inc (ATSG: chart) in the last one year traded as high as $3.42 in July 2009 and as low as $0.12 in November 2008. Based on the yesterday’s closing price of $2.90 the company has market cap of $183.55 million.

Cornerstone Therapeutics Inc, a specialty pharmaceutical company reported second quarter sales rose 77% to $25 million from $14.1 million a year ago. Net income in the quarter fell 22.7% to $1.7 million or 13 cents per diluted share compared to net profit of $2.2 million or 31 cents per share a year ago.

Cornerstone Therapeutics Inc (CRTX: chart) in the last one year traded as high as $11.40 in June 2009 and as low as $0.19 in September 2008. Based on the yesterday’s closing price of $9.79 the company has market cap of $125.67 million.

Fossil, Inc, the watchmaker reported second quarter sales fell 11% to $315.9 million from $353.2 million a year ago. Net income in the quarter fell 34% to $16.6 million or 25 cents per diluted share compared to net profit of $25.1 million or 36 cents per share a year ago.

Fossil, Inc (FOSL: chart) in the last one year traded as high as $31.94 in August 2008 and as low as $11.31 in March 2009. Based on the yesterday’s closing price of $27.72 the company has market cap of $1.85 billion.