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Movado third-quarter earnings decline
2015-11-24 18:35:38| Jewelry - Topix.net
Paramus-based watch manufacturer Movado today reported fiscal third-quarter net income of $21.5 million, or 92 cents a share, a decline from compared $22.2 million, or to 87 cents, from the same period of a year ago, missing analysts' expectations for per share earnings by 1 cent. Movado, which like other watch makers has struggled as some consumers have begun using their smart-phones or fitness trackers to replace watches, said it believes its new product introductions, including its versions of wi-fi-enabled smart watches, position it to do well during the holiday season.
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Category:Consumer Goods and Services
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