Recap: Movado Group Q3 Earnings

Shares of Movado Group MOV rose 0.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 14.63% over the past year to $0.70, which beat the estimate of $0.48.

Revenue of $169,863,000 declined by 17.39% from the same period last year, which missed the estimate of $173,000,000.

Guidance

Movado Group hasn't issued any earnings guidance for the time being.

Movado Group hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Nov 24, 2020

Time: 09:00 AM

ET Webcast URL: https://www.movadogroup.com/investors/news-and-events

Technicals

52-week high: $25.30

Company's 52-week low was at $8.12

Price action over last quarter: Up 49.82%

Company Overview

Movado Group Inc designs develop, sources, markets, and distributes fine watches in the United States and internationally. It operates through the Watch and Accessory Brands and Company Stores segment. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches of quality owned brands and licensed brands. Its Company Stores segment includes the company's retail outlet locations in the United States and Canada. The company generates maximum revenue from the Watch and Accessory Brands segment. Geographically, it derives majority revenue from the International location.