Movado Group Inc. (MOV) reported fourth quarter adjusted income of $0.41 per share Thursday morning, up from $0.24 per share in the previous year. The consensus estimate was for EPS of $0.26.
Movado Group steadily declined throughout Thursday's session and finished with a loss of 3.89 at $33.23, with volume at a 7-month high. The stock sank to a 2-month low and fell below its 50-day moving average.
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