Movado Group Issues Q3 Outlook, Cuts FY15 Outlook - Quick Facts

(RTTNews) - Movado Group, Inc. (MOV) said on a preliminary basis, it currently expects third quarter earnings to be in the range of $0.86 to $0.87 per share and net sales of $188.6 million to $189.7 million. Analysts currently expect third quarter earnings of $1.13 per share on revenues of $218.32 million.

For the fourth-quarter, the company expects earnings per share in the range of $0.18 to $0.23 and net sales of $132 million to $137 million. Analysts expect earnings of $0.50 per share on revenue of $153.89 million for the fourth quarter.

For fiscal 2015, the company now expects earnings in the range of $1.80 to $1.85 per share and net sales to increase approximately 1% to 2% to a range of $585 million to $590 million. Earlier, the company expected earnings of $2.44 per share and net sales to increase approximately 10.7% to $640 million.

Analysts now expect fiscal 2015 earnings of $2.83 per share and revenue of $694.03 million.