AP NEWS

Movado: Fiscal 1Q Earnings Snapshot

May 30, 2019

PARAMUS, N.J. (AP) _ Movado Group Inc. (MOV) on Thursday reported fiscal first-quarter net income of $3.9 million.

On a per-share basis, the Paramus, New Jersey-based company said it had profit of 17 cents. Earnings, adjusted for non-recurring costs, came to 24 cents per share.

The watchmaker posted revenue of $146.5 million in the period.

Movado expects full-year earnings to be $2.70 to $2.80 per share, with revenue in the range of $750 million to $765 million.

Movado shares have dropped almost 3% since the beginning of the year. The stock has fallen 27% 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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