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Movado shares plunge on forecast, slowing sales

2014-11-14 18:56:34| Jewelry - Topix.net

Shares of watchmaker Movado Group Inc. plunged more than 30 percent Friday after the company said slowing sales of its watches prompted it to warn that its third- and fourth-quarter results are likely to come in below Wall Street expectations. Movado also slashed its outlook for the full year.

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