Katie O'Brien
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Katie O'Brien in Senior Content Editor,

Movado Posts Earnings Report

Movado (NYSE: MOV) group released its quarterly earnings report Tuesday, unveiling a $131.41 million revenue, according to Dakota Financial News. Further, the company posted a quarterly earnings per share of $0.20. 

According to The Wall Street Journal, the company's profits are up 40 percent, although the company announced possible higher numbers this quarter due to lower tax amounts. Shares traded up Monday to $24.65, in anticipation of the earnings report, Dakota Financial News reported, with a yearly low of $22.56.

The company is a huge distributer of luxury watches, carrying brands like Hugo Boss, Tommy Hilfiger and Coach, Dakota Financial News reported. Movado market cap currently rests at $620.64.