Movado: Fiscal 3Q Earnings Snapshot

December 4, 2018

PARAMUS, N.J. (AP) _ Movado Group Inc. (MOV) on Tuesday reported fiscal third-quarter net income of $26.9 million.

The Paramus, New Jersey-based company said it had net income of $1.14 per share. Earnings, adjusted for one-time gains and costs, were $1.18 per share.

The watchmaker posted revenue of $208.9 million in the period.

Movado expects full-year earnings to be $2.45 to $2.55 per share, with revenue in the range of $660 million to $675 million.

Movado shares have increased 15 percent since the beginning of the year. The stock has increased 27 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOV at https://www.zacks.com/ap/MOV

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