Movado Group shares are trading lower after the company reported worse-than-expected Q2 EPS results and lowered its FY25 guidance.
Portfolio Pulse from Benzinga Newsdesk
Movado Group shares declined following a disappointing Q2 EPS report and a reduction in FY25 guidance.
September 05, 2024 | 1:37 pm
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NEGATIVE IMPACT
Movado Group's stock is trading lower due to a Q2 EPS miss and a downward revision of FY25 guidance.
The company's Q2 EPS results were below expectations, which typically leads to a negative market reaction. Additionally, lowering FY25 guidance suggests future challenges, further pressuring the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100