Movado Beats Q4 Forecasts But Tanks On Profit Outlook
Movado (MOV) shares tanked after the company soundly beat fourth-quarter profit estimates but guided profit for the current year lower than forecasts. Investors will get a deeper dive into how luxury retailers fared at the end of the year when jeweler Tiffany (TIF) reports Q4 results Friday before the market opens. Luxury watchmaker Movado's Q4 earnings per share climbed 71% to 41 cents. Analysts were expecting just 26 cents. Revenue rose 1% to
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