Movado Group Q4 Adj. EPS $0.55 Beats $0.39 Estimate, Sales $179.62M Beat $174.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Movado Group (NYSE:MOV) reported Q4 adjusted EPS of $0.55, surpassing the $0.39 estimate, and sales of $179.62M, exceeding the $174.80M estimate. However, this represents a 46.6% decrease in EPS and a 7.54% decrease in sales from the same period last year.
March 26, 2024 | 10:47 am
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Movado Group reported a significant beat on both EPS and sales estimates for Q4, but with notable declines from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price, as it indicates better-than-expected financial health and operational efficiency. However, the significant year-on-year declines in both EPS and sales might temper investor enthusiasm, suggesting a cautious optimism.
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