Wednesday, August 29, 2012
Movado raises full-year profit view as margins, demand grow
Watchmaker Movado Group Inc reported a higher second-quarter profit and raised its full-year earnings forecast for the second time this year, encouraged by improved gross margins and continued demand for its namesake and licensed brands. Photo: MovadoShares of the company, which licenses brands such as Hugo Boss, Lacoste, Tommy Hilfiger and Juicy Couture, rose 20 percent to touch a life-high of $36.12. The stock, among the top percentage gainers on the New York Stock Exchange on Tuesday
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