Seeking Alpha

Movado (MOV +14.8%) is rallying once again thanks to a strong earnings report (previously). The...

Movado (MOV +14.8%) is rallying once again thanks to a strong earnings report (previously). The watchmaker posted FQ3 revenue of $142.6M (+16% Y/Y) and EPS of $0.65, blowing past Street estimates by $9.2M and  $0.22. Gross margin rose 300 bps Q/Q to 56.8%. Movado now expects FQ4 EPS of $0.93-$0.98, well above its prior guidance range of $0.60-$0.65.
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