Apparel & Accessories

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SEIKO HOLDINGS CORP expects extraordinary profit for Q3 of FY 2015 and amends consolidated full-year outlook for FY 2015

Tuesday, 25 Nov 2014 10:30pm EST

SEIKO HOLDINGS CORP:Expects extraordinary profit of 7.7 billion yen as gain from sale of securities for Q3 of FY ending March 2015.Says the company confirmed the consolidated full-year outlook for revenue at 290,000 million yen for FY ending March 2015.Operating profit forecast at 16,000 million yen.Ordinary profit forecast at 14,000 million yen.Net profit forecast increased to 25,000 million yen from 18,000 million yen.Earnings per share increased to 120.98 yen from 87.10 yen.FY 2015 revenues of 289.80 billion yen, net profit of 18.38 billion yen – Thomson Reuters I/B/E/S.Comments that the extraordinary profit is the main reason for the forecast.

Movado Group Inc announces increase in share buyback program to $100 mln

Tuesday, 25 Nov 2014 07:01am EST

Movado Group Inc;:Says its Board has approved an increase in its share buyback program from the original authorized amount of $50 mln to $100 mln.Says the authorization expires on Jan. 31, 2016.Says under this share buyback program, it may purchase its outstanding common shares from time to time, depending on market conditions, share price and other factors.

Movado Group Inc reaffirms Q4, FY 2015 outlook

Tuesday, 25 Nov 2014 07:00am EST

Movado Group Inc:Anticipates FY 2015 net sales will increase about 1 to 2 pct to a range of $585 to $590 mln.Anticipates FY 2015 operating profit will be about $68 to $70 mln.Anticipates FY 2015 earnings per diluted share will be in the range of $1.80 to $1.85.Anticipates Q4 2015 net sales in the range of $132 to $137 mln.Anticipates Q4 2015 operating profit of $6.5 to $8.5 mln.Anticipates Q4 2015 earnings per diluted share in the range of $0.18 to $0.23 assuming no significant fluctuations in foreign currency exchange rates.FY 2015 revenue of $587 mln, EBIT of $69 mln, EPS of $1.83 - Thomson Reuters I/B/E/S.Q4 2015 revenue of $133 mln, EBIT of $8.0 mln, EPS of $0.20 - Thomson Reuters I/B/E/S.


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