31.03.2015 - Movado Group reported a profit and raised its dividend
An American Movado Group reported a profit of $ 10.1 million in the 4th quarter of the fiscal year. Earnings per share were 40 cents, compared with 28 cents per share for the same period of last year, or $ 7.2 million. Sales rose to 133.91 million dollars, which is slightly less than the expected $ 134.7 million. It is worth noting that the company's dividends have been increased from 10 to 21 cents per share. We expect weak growth by 5-7% until the end of the year.