2020-11-24 06:50:21 MOV Movado
11/24/20 11/2406:50 11/24/2006:50 | Movado reports Q3 EPS 70c, one estimate 48cReports Q3 revenue $169.9M, one estimate $173M. "Our Q3 results were ahead of our expectations and included strength across key operating metrics, including a sequential improvement in sales, expansion in gross margin; and operating expenses below the prior year, which combined led to adjusted operating income above last year. We are encouraged by the strengthening in demand for our products and brands despite the global environment. The quarter saw strong sales in Europe, a key market for our brands, and across our ecommerce sites, with Movado brand ecommerce sales increasing 159% on our own and our partners' digital platforms. Looking to the fourth quarter, while there remains uncertainty around the duration and trajectory of the COVID resurgence, we are confident that our powerful portfolio of brands combined with a continued focus on innovation and support of our marketing campaigns, position us well for the all-important holiday season." |
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Conference/Events
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Navient participates in a conference call with JPMorgan »
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Fed policy outlook »
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$ECON
Economic Data
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Nexalin Technology regains compliance with Nasdaq listing requirements »
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PEGRU Stock trading resumes
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Options
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Upstart Holdings call volume above normal and directionally bullish »
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Upstart
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Synchrony participates in a conference call with JPMorgan »
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PEGRU Stock trading halted, volatility trading pause
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On The Fly
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Biotech Alert: Searches spiking for these stocks today »
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The 3.4% U.S. pending home sales rise »
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The U.S. advance indicators data »
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Week of 4/19 EIA natural gas report 92bcf
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Honda to establish 'comprehensive electric vehicle value chain' in Ontario »
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HMC
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Southern Copper up 3% to $112.13 after Q1 beats estimates
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Earnings
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Southern Copper reports Q1 EPS 95c, consensus 74c »
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Initiation
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JD Logistics reinstated with a Buy at Goldman Sachs »
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EIA natural gas storage change for week ending April 19 »
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Dada Nexus reinstated with a Neutral at Goldman Sachs »
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JD.com reinstated with a Buy at Goldman Sachs »
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Pfizer call volume above normal and directionally bullish »
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March pending home sales index 78.2
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Economic Data
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The U.S. advance indicators report »
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Economic Data
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U.S. pending home sales increased 3.4% to 78.2 in March »
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$ECON
Economic Data
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T-Mobile, EQT announce joint venture to acquire Lumos »
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TMUS
T-Mobile
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Amphenol price target raised by $15 at Truist, here's why »
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Caravelle signs MoU with Government of Gabon »
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