Movado Group Q4 Income Drops

(RTTNews) - Movado Group (MOV) released a profit for fourth quarter that decreased from the same period last year

The company's bottom line totaled $12.145 million, or $0.53 per share. This compares with $22.726 million, or $1 per share, in last year's fourth quarter.

Excluding items, Movado Group reported adjusted earnings of $12.433 million or $0.55 per share for the period.

The company's revenue for the quarter fell 7.5% to $179.620 million from $194.273 million last year.

Movado Group earnings at a glance (GAAP) :

-Earnings (Q4): $12.145 Mln. vs. $22.726 Mln. last year. -EPS (Q4): $0.53 vs. $1 last year. -Revenue (Q4): $179.620 Mln vs. $194.273 Mln last year.