Movado Group Inc (MOV) Releases Earnings Results, Beats Expectations By $0.03 EPS

Movado Group Inc (MOV) reported quarterly earnings results on Thursday, May-26-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.16. The company posted revenue of $114.10 million in the period, compared to analysts expectations of $116.47 million. The company’s revenue was down -5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Movado Group Inc opened for trading at $23.61 and hit $24.09 on the upside on Wednesday, eventually ending the session at $23.76, with a gain of 0.47% or 0.11 points. The heightened volatility saw the trading volume jump to 3,08,617 shares. Company has a market cap of $545 M.

In a different news, on Apr 7, 2016, Alan H Howard (director) sold 1,500 shares at $28.00 per share price. According to the SEC, on Apr 5, 2016, Margaret Hayes Adame (director) sold 1,500 shares at $27.29 per share price. On Jan 7, 2016, Francis Anthony Morelli (Sr. VP Global Bus. Proc. & CIO) sold 10,000 shares at $24.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Movado Group Inc. (Movado Group) is engaged in designing sourcing marketing and distributing watches. The Company operates through two business segments: Wholesale and Retail. The Company’s Wholesale segment includes the design development sourcing marketing and distribution of watches and after-sales service activities and shipping. The Company’s Retail segment includes the Company’s outlet stores. The Company has operations in United States Europe the Americas (excluding the United States) Asia and the Middle East. The Company’s portfolio of brands includes Coach Watches Concord Ebel ESQ Movado Scuderia Ferrari Watches HUGO BOSS Watches Juicy Couture Watches Lacoste Watches Movado and Tommy Hilfiger Watches.

Movado Group Inc

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