Movado (MOV) Offers Strong Prelim. Q1 Results; Raises FY13 Sales Outlook
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Movado (NYSE: MOV) issues prelim. Q1 EPS of 24-26 cents, which compares to the Street estimate of 6 cents. Sales will likely be about $103 million, vs. the consensus estimate of $96.6 million.
The company lifted its FY13 sales guidance from $500-$505 million to $505-$510 million. The Street is currently expecting FY13 sales of $479 million.
The company lifted its FY13 sales guidance from $500-$505 million to $505-$510 million. The Street is currently expecting FY13 sales of $479 million.
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