Movado Group gaps higher on Q3 earnings beat
Movado Group, Inc. (MOV) is up 17.5% Tuesday. The company reported third-quarter earnings of $1.18 per share on revenue of $208.9 million. Analysts forecast earnings of $1.13 per share. The company forecast full year earnings to be in a range of $2.45 to $2.55.
Movado Group, Inc. (MOV) makes luxury jewelry.
Cronos Group Inc. (CRON) and Restoration Hardware (RH) top the list of other companies with positive news today, while Conn’s, Inc. (CONN) and Dollar General Corporation (DG) top the list of companies with negative news.
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About Movado Group Inc.
Movado Group Inc designs develop, sources, markets, and distributes fine watches in the United States and internationally. It operates through the Watch and Accessory Brands and Company Stores segment. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches of quality owned brands and licensed brands. Its Company Stores segment includes the company's retail outlet locations in the United States and Canada. The company generates maximum revenue from the Watch and Accessory Brands segment. Geographically, it derives majority revenue from the International location.