Movado: Fiscal 1Q Earnings Snapshot
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.