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Movado Group (MOV) Has Surged To An 8-Month High On Q2 Results

Movado Group (MOV) reported second quarter EPS of $0.43 Tuesday morning, up from $0.27 in the prior year period. Analysts expected EPS of $0.23.

Movado Group gapped open sharply higher Tuesday and is now up 5.40 at $29.25 on above average volume. The stock has surged to over an 8-month high.

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First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

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