Movado Group (MOV) Tops Q1 EPS by 3c; Trims FY17 Outlook

Movado Group (NYSE: MOV) reported Q1 EPS of $0.19, $0.03 better than the analyst estimate of $0.16. Revenue for the quarter came in at $114.1 million versus the consensus estimate of $115.59 million.

GUIDANCE:

Movado Group sees FY2017 EPS of $1.55-$1.70, versus the consensus of $1.89. Movado Group sees FY2017 revenue of $565-580 million, versus the consensus of $592.1 million.

Movado previously was modeling FY17 EPS of $1.85 - $2.00 and revenue of $585 - $600 million.

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

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