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Movado first-quarter earnings hurt by slowing growth in watch sales

2015-05-27 17:38:13| Jewelry - Topix.net

Movado Group Inc. Movado reported a first-quarter profit of $3.6 million, or 15 cents a share, down from $7.4 million, or 29 cents a share, a year earlier, as the luxury watchmaker was hurt by slowing growth in the watch industry and the stronger dollar. Movado posted revenue of $120.5 million in the period, compared with $120.9 million in the first quarter of fiscal 2015.

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