Movado Group Inc. (MOV: Quote) reported fourth quarter adjusted net income of $0.24 Thursday morning, up from $0.06 in the prior year period. The company also announced that its Board of Directors approved payment of a special cash dividend of $0.50 per share.
Movado Group gapped open higher Thursday and has continued to climb in early trade. Shares are now up 2.13 at $24.40 and have broken out to a new high for the year.
Click here to receive FREE breaking news email alerts for Movado Group and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com