Movado Group Profit Rises 58% In Q2

(RTTNews) - Movado Group (MOV) revealed earnings for its second quarter that climbed from last year.

The company said its bottom line came in at $9.94 million, or $0.43 per share. This was higher than $6.31 million, or $0.27 per share, in last year's second quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.5% to $128.78 million. This was up from $128.09 million last year.

Movado Group earnings at a glance:

-Earnings (Q2): $9.94 Mln. vs. $6.31 Mln. last year. -Earnings Growth (Y-o-Y): 57.5% -EPS (Q2): $0.43 vs. $0.27 last year. -EPS Growth (Y-o-Y): 59.3% -Analysts Estimate: $0.23 -Revenue (Q2): $128.78 Mln vs. $128.09 Mln last year. -Revenue Change (Y-o-Y): 0.5%

-Guidance: Full year EPS guidance: $1.50 to $1.65 Full year revenue guidance: $530.0 - $545.0 Mln