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Movado Group, Inc. (MOV) Tops Q1 EPS by 5c, Declares $0.03 Dividend

June 2, 2011 7:36 AM EDT
Movado Group, Inc. (NYSE: MOV) reported Q1 EPS of $0.02, $0.05 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $89.9 million versus the consensus estimate of $78.93 million.

The Company also announced that on June 1, 2011 the board of directors approved the payment on June 27, 2011 of a cash dividend in the amount of $0.03 for each share of the Company's outstanding common stock and class A common stock held by shareholders of record as of the close of business on June 13, 2011.


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