Movado Group Q3 adjusted earnings Beat Estimates

(RTTNews) - Movado Group (MOV) reported earnings for its third quarter that increased from last year.

The company's profit totaled $26.92 million, or $1.14 per share. This compares with $17.36 million, or $0.75 per share, in last year's third quarter.

Excluding items, Movado Group reported adjusted earnings of $27.95 million or $1.18 per share for the period.

Analysts had expected the company to earn $1.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.6% to $208.95 million from $190.69 million last year.

Movado Group earnings at a glance:

-Earnings (Q3): $27.95 Mln. vs. $24.25 Mln. last year. -EPS (Q3): $1.18 vs. $1.04 last year. -Analysts Estimate: $1.12 -Revenue (Q3): $208.95 Mln vs. $190.69 Mln last year.

-Guidance: Full year EPS guidance: $2.45 to $2.55