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Market Overview

Recap: Movado Group Q1 Earnings

Share:

Shares of Movado Group (NYSE:MOV) decreased 2.6% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 286.67% year over year to ($0.56), which missed the estimate of ($0.20).

Revenue of $69,666,000 declined by 52.46% from the same period last year, which missed the estimate of $81,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Movado Group hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jun 09, 2020

Time: 09:00 AM

ET Webcast URL: https://www.movadogroup.com/investors/news-and-events

Price Action

Company's 52-week high was at $28.78

Company's 52-week low was at $8.12

Price action over last quarter: Up 27.96%

Company Profile

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.

 

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Posted-In: Earnings News

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