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MOV - Movado Group Sinks After a Challenging Quarter
Movado Group Inc.
Movado Group (NYSE: MOV) released fiscal second-quarter 2020 results on Wednesday morning, detailing encouraging market-share gains but also the travails of an "increasingly challenging environment" for its watchmaking niche. Movado followed by tempering the full-year guidance it initially provided in late March.
With shares down 15% in Wednesday's trading, let's look at what the company accomplished over the last few months.