AP NEWS

Movado: Fiscal 2Q Earnings Snapshot

August 29, 2018

PARAMUS, N.J. (AP) _ Movado Group Inc. (MOV) on Wednesday reported fiscal second-quarter profit of $9.1 million.

The Paramus, New Jersey-based company said it had net income of 39 cents per share. Earnings, adjusted for non-recurring costs, came to 45 cents per share.

The watchmaker posted revenue of $144.1 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 53 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

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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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