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Movado Group (MOV) Tops Q3 EPS by 1c, Offers Q4 Guidance, Boosts Buyback to $100M

November 25, 2014 7:09 AM EST

Movado Group (NYSE: MOV) reported Q3 EPS of $0.87, $0.01 better than the analyst estimate of $0.86. Revenue for the quarter came in at $188.6 million versus the consensus estimate of $188.7 million.

Movado Group sees Q4 2014 EPS of $0.18-$0.23, versus the consensus of $0.2. Movado Group sees Q4 2014 revenue of $132-137 million, versus the consensus of $133.29 million.

Movado Group, Inc. (NYSE: MOV) today announced that its Board of Directors has approved an increase in its share buyback program from the original authorized amount of $50 million to $100 million. The authorization expires on January 31, 2016. Under this share buyback program, the Company may purchase its outstanding common shares from time to time, depending on market conditions, share price and other factors. As of October 31, 2014, $23.6 million was utilized of the original $50 million that was authorized on March 21, 2013.

For earnings history and earnings-related data on Movado Group (MOV) click here.



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