Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Movado Group Stock Was Falling Today

TheMotleyFool

0 0

Why Movado Group Stock Was Falling TodayPhoto, 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 Movado Group (NYSE: MOV) were pulling back today after the watch retailer missed estimates on the top line in its third-quarter earnings report, and lowered its guidance for the year.

As of 12:01 p.m. ET on Tuesday, the stock was down 11.1% on the news.

Movado, which sells high-end watches, reported a 2.9% decline in revenue to $211.4 million, missing estimates at $225.6 million. On a constant-currency basis, revenue was 3.4% in the period.

Source Fool.com

Like: 0

MOV

Share