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.