Movado Group Q2 adjusted earnings Inline With Estimates

(RTTNews) - Movado Group (MOV) reported a profit for its second quarter that climbed from the same period last year.

The company's earnings totaled $9.14 million, or $0.39 per share. This compares with $5.48 million, or $0.24 per share, in last year's second quarter.

Excluding items, Movado Group reported adjusted earnings of $10.57 million or $0.45 per share for the period.

Analysts had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.9% to $144.09 million from $128.78 million last year.

Movado Group earnings at a glance:

-Earnings (Q2): $10.57 Mln. vs. $9.94 Mln. last year. -EPS (Q2): $0.45 vs. $0.43 last year. -Analysts Estimate: $0.45 -Revenue (Q2): $144.09 Mln vs. $128.78 Mln last year.

-Guidance: Full year EPS guidance: $2.45 - $2.55 Full year revenue guidance: $660 - $675 Mln