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Why Movado Stock Fell Wednesday

TheMotleyFool

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Why Movado Stock Fell WednesdayPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png

Shares of fine watch retailer Movado Group (NYSE: MOV) fell on Wednesday, declining 15% by the time the market closed.

The stock's decline follows Movado's fiscal second-quarter results, which included worse-than-expected revenue and adjusted earnings per share, as well as a lowered outlook for its full-year fiscal 2020 financial performance.

Image source: Getty Images.

Source Fool.com

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