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.


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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