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MOV announced disappointing earnings, eps deteriorated by -3.76 % to $1.28 from $1.33 and Revenue decreased by -2.916 % to $
211.40 millions in the third quarter of 2022, year on year.
From the preceding financial reporting period, profits grew from $1.05 per share and Revenues improved by 15.641 % from $182.80 millions.
Bottom-line of $30.111 millions in the third quarter of 2022 fell by -5.3 % from $31.795 millions in the corresponding period a year before. Looking further into third quarter of 2022 Movado Group Inc 's profitability, operating margin mitigated to 18.1%, and net margin shrank to 14.24%.
Operating earnings, fell -7.56% to $38.271 millions, squeezing Movado Group Inc 's operating margin to %.
Movado Group Inc is expected to report next financial earnings on March 23, 2023.