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Paramus watch maker Movado disappoints Wall Street with its forecast for this year

2016-04-01 22:43:07| Jewelry - Topix.net

Paramus-based watch manufacturer and retailer Movado Group Inc. on Thursday beat expectations for fourth-quarter earnings and revenue, but its weaker-than-expected forecast for the coming year drove the company's stock down 9.2 percent. The stock had been up 18 percent for the year before the fourth-quarter earnings release.

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