High-end watchmaker Movado (MOV) gains 10% after reporting FQ2 revenue of $113.2M (+33% Y/Y) and...

|About: Movado Group, Inc. (MOV)|By:, SA News Editor

High-end watchmaker Movado (MOV) gains 10% after reporting FQ2 revenue of $113.2M (+33% Y/Y) and EPS of $0.18, beating consensus by $16.6M and $0.12. Gross margin was 53.8%, up 1.8% from the year-ago period. The company expects FY12 EPS of $0.60-$0.65, below a $0.68 consensus. (PR)