Movado group reports q4 adjusted earnings per share $0.15

Movado group, inc. announces fourth quarter and fiscal year 2020 results.q4 adjusted earnings per share $0.15 excluding items.q4 sales fell 4.2 percent to $191 million.discontinues quarterly dividend pending clarity on covid-19.movado group - in near term, reducing costs & allocating resources to maximize financial flexibility.movado group - due to increasing uncertainty related to potential impacts of covid-19, not providing annual outlook.movado group - temporarily closed all stores, asked office workers around world to work from home, with exception of asia which recently reopened.expects covid-19 pandemic to negatively impact business, results of operations, financial position.movado group - board determined to suspend share repurchases until further notice.
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