Movado Group Profit Declines In Q1

(RTTNews) - Movado Group (MOV) revealed earnings for first quarter that decreased from last year

The company's earnings came in at $2.89 million, or $0.13 per share. This compares with $9.13 million, or $0.40 per share, in last year's first quarter.

The company's revenue for the quarter fell 5.7% to $136.67 million from $144.91 million last year.

Movado Group earnings at a glance (GAAP) :

-Earnings (Q1): $2.89 Mln. vs. $9.13 Mln. last year. -EPS (Q1): $0.13 vs. $0.40 last year. -Revenue (Q1): $136.67 Mln vs. $144.91 Mln last year.

-Guidance: Full year EPS guidance: $1.20-$1.30 Full year revenue guidance: $700 Mln-$710 Mln