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Movado Group Inc Raises FY 2013 Guidance; Reaffirms FY 2013 Revenue Guidance


Wednesday, 28 Nov 2012 07:00am EST 

Movado Group Inc announced that for fiscal 2013, it expects net sales to increase approximately 10% to $510 million, adjusted operating income is expected to increase approximately 66% to $57.0 million, adjusted EBITDA to increase 47% to $67 million, net income is expected to increase approximately 66% to $38.5 million, or approximately $1.50 per diluted share (EPS). According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $508 million; EBITDA of $65 million and EPS of $1.47 for fiscal 2013. 

Company Quote

34.445
0.485 +1.43%
31 Oct 2014