Movado Group, Inc. Announces Third Quarter Results

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Movado Group (MOV) Misses Q3 EPS, Revs

November 26, 2019 6:48 AM EST

Movado Group (NYSE: MOV) reported Q3 EPS of $0.82, $0.21 worse than the analyst estimate of $1.03. Revenue for the quarter came in at $205.6 million versus the consensus estimate of $220 million (1 analyst).

Efraim Grinberg, Chairman and Chief Executive Officer, stated, This year we made the strategic decision to increase marketing investments to drive sales across our powerful portfolio of watch brands. While... More