Movado Group Inc. (MOV) announced Wednesday morning that it expects preliminary first quarter net income to increase to a range of $0.24 to $0.26 per share. The company also raised its full year 2013 EPS forecast to around $1.15, from prior expectations of about $1.10.
Movado Group gapped open higher Wednesday and climbed during the first 45 minutes of trade. The stock finished up by 2.92 at $28.86 on strong volume and set a 2 1/2 week high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.