Movado Group (MOV) Tops Q4 EPS by 1c; Guides FY17 EPS, Revenue Below Expectations

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Movado Group, Inc. Announces Fourth Quarter and Fiscal Year 2016 Results

March 31, 2016 6:58 AM EDT

~ Adjusted Fourth Quarter Diluted EPS of $0.40 and Adjusted Full Year Diluted EPS of $2.06 ~

~ Company Introduces Fiscal 2017 Guidance ~

~ Board Approves 18% Increase in the Companys Regular Quarterly Dividend ~

PARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group, Inc. (NYSE: MOV) today announced fourth quarter and fiscal year 2016 results for the periods ended January 31, 2016.

Efraim Grinberg, Chairman and Chief Executive Officer, stated, We are very pleased to end fiscal 2016 with a solid fourth quarter and to have delivered on the... More