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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.
Movado Group, Inc. Dials Back Expectations
2016-04-01 22:43:06| Jewelry - Topix.net
Gross profit rose 12% to $75.4 million -- with gross margin increasing to 52.6% of sales from 50.3% in the year-ago quarter -- as price increases, supply chain sourcing improvements, and favorable changes in channel and product mix more than offset the negative impact of foreign exchange rate fluctuations. Operating margin also improved, rising to 8.1% from 7.5% in the year-ago period, as operating income jumped 14% to $11.5 million.
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ParkerVision Jumps; Lindsay, Movado, Micron, Progress Software Fall
2016-04-01 17:19:40| Industrial Machines - Topix.net
Lindsay and Micron Technology net swung to a loss. Movado profit declined 22% but revenues jumped 7%.
Tags: software
fall
progress
lindsay
ParkerVision Jumps; Lindsay, Movado, Micron, Progress Software Fall
2016-04-01 04:17:21| Jewelry - Topix.net
Lindsay and Micron Technology net swung to a loss. Movado profit declined 22% but revenues jumped 7%.
Tags: software
fall
progress
lindsay
Movado Group, Inc (MOV) Scheduled to Post Earnings on Thursday
2016-03-30 08:22:39| Jewelry - Topix.net
Movado Group, Inc is scheduled to be issuing its Q416 quarterly earnings data on Thursday, March 31st. Analysts expect the company to announce earnings of $0.39 per share and revenue of $140.70 million for the quarter.
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