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Movado lower after earnings miss

Aug. 26, 2014 10:09 AM ETMovado Group, Inc. (MOV) StockBy: Clark Schultz, SA News Editor
  • Movado (NYSE:MOV -6.6%) slides after missing estimates with its FQ2 report.
  • The company's gross profit rate slipped 10 bps to 54.0% during the period as operating expenses rose faster than sales.
  • Previous guidance was reaffirmed.

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Movado Group, Inc.