Investing.com - Movado reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Movado announced earnings per share of $1.31 on revenue of $211.4M. Analysts polled by Investing.com anticipated EPS of $1.21 on revenue of $225.6M.
Movado shares are down 19.94% from the beginning of the year and are trading at $33.49 , down-from-52-week-high.
Movado follows other major Consumer Discretionary sector earnings this month
Movado's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Home Depot had beat expectations on Tuesday, November 15, 2022 with third quarter EPS of $4.24 on revenue of $38.9B, compared to forecast for EPS of $4.12 on revenue of $37.92B.
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