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Movado's profit misses estimates, but sales beat

2015-05-27 17:38:12| Jewelry - Topix.net

Movado Group Inc. said its profit halved in the first quarter, as the luxury watchmaker was hurt by slowing growth in the watch industry and the stronger dollar. Watchmakers have been pressured by a lackluster economy in Europe and slowing sales in Asia, which had been a source of strength.

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