Movado Group Q3 Earnings Fall 2%

(RTTNews) - Movado Group (MOV) released a profit for third quarter that fell from last year.

The company said its earnings declined to $21.10 million, or $0.91 per share. This was down from $21.53 million, or $0.92 per share, in last year's third quarter.

Analysts had expected the company to earn $0.72 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.1% to $179.82 million. This was down from $185.63 million last year.

Movado Group earnings at a glance:

-Earnings (Q3): $21.10 Mln. vs. $21.53 Mln. last year. -Earnings Decline (Y-o-Y): -2.0% -EPS (Q3): $0.91 vs. $0.92 last year. -EPS Decline (Y-o-Y): -1.1% -Analysts Estimate: $0.72 -Revenue (Q3): $179.82 Mln vs. $185.63 Mln last year. -Revenue Change (Y-o-Y): -3.1%

-Guidance: Full year EPS guidance: $1.40 - $1.55 Full year revenue guidance: $550.0 - $560.0 Mln