Movado Group Inc (MOV) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. MOV said it had a profit of $0.91 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $0.73. The company posted revenue of $179.80 million in the period, compared to analysts expectations of $174.50 million. MOV’s revenue was down -3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS.
Movado Group Inc closed down -0.4 points or -1.51% at $26.1 with 1,16,283 shares getting traded on Monday. Post opening the session at $26.55, the shares hit an intraday low of $26 and an intraday high of $26.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 13, 2016, Efraim Grinberg (CEO) purchased 5,000 shares at $19.62 per share price. According to the SEC, on Apr 7, 2016, Alan H Howard (director) sold 1,500 shares at $28.00 per share price. On Apr 5, 2016, Margaret Hayes Adame (director) sold 1,500 shares at $27.29 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.