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Movado Group Q4 Income Falls 43%

Movado Group (MOV) announced a profit for fourth quarter that retreated from last year.

The company said its bottom line dropped to $5.23 million, or $0.22 per share. This was down from $9.22 million, or $0.40 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.7% to $130.78 million. This was down from $143.26 million last year.

Movado Group earnings at a glance:

-Earnings (Q4): $5.23 Mln. vs. $9.22 Mln. last year.
-Earnings Decline (Y-o-Y): -43.3%
-EPS (Q4): $0.22 vs. $0.40 last year.
-EPS Decline (Y-o-Y): -45.0%
-Analysts Estimate: $0.23
-Revenue (Q4): $130.78 Mln vs. $143.26 Mln last year.
-Revenue Change (Y-o-Y): -8.7%

by RTT Staff Writer

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