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BRIEF-Movado Group reports Q2 EPS $0.24
August 29, 2017 / 10:59 AM / a month ago

BRIEF-Movado Group reports Q2 EPS $0.24

Aug 29 (Reuters) - Movado Group Inc

* Announces second quarter results

* Sees FY 2018 earnings per share $1.50 to $1.65

* Q2 adjusted earnings per share $0.43 excluding items

* Q2 earnings per share $0.24

* Sees FY 2018 sales $530 million to $545 million

* Q2 sales $128.8 million versus I/B/E/S view $119 million

* Q2 earnings per share view $0.23 -- Thomson Reuters I/B/E/S

* FY2018 earnings per share view $1.37, revenue view $518.2 million -- Thomson Reuters I/B/E/S

* Approved a new share buyback program under which company may purchase up to $50 million of its outstanding common shares

* Board of directors cancelled previously authorized $50 million share buyback program which would have expired on September 30, 2017

* Share buyback authorization expires on August 29, 2020 Source text for Eikon: Further company coverage:

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