Benzinga | Aug 27, 2020 06:48AM EDT

Movado Group Q2 Adj. EPS $(0.07) Beats $(0.31) Estimate, Sales $88.50M Miss $113.00M Estimate

Movado Group (NYSE:MOV) reported quarterly losses of $(0.07) per share which beat the analyst consensus estimate of $(0.31) by 77.42 percent. This is a 119.44 percent decrease over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $88.50 million which missed the analyst consensus estimate of $113.00 million by 21.68 percent. This is a 43.92 percent decrease over sales of $157.82 million the same period last year.