Movado Group Inc. (MOV: Quote) 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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by RTT Staff Writer
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