Movado Group Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 was 25 cents per share, compared with the S&P Capital IQ consensus estimate of 20 cents per share.
EPS climbed 63.8% year over year from 15 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $6.4 million, an increase of 60.7% from $4.0 million in the year-earlier period.
The normalized profit margin increased to 8.3% from 3.0% in the year-earlier period.
Total revenue rose year over year to $133.9 million from $132.3 million, and total operating expenses came to $123.8 million, compared with $123.6 million in the prior-year period.
Reported net income rose 36.2% year over year to $9.8 million, or 39 cents per share, from $7.2 million, or 28 cents per share.
For the year, the company's normalized net income totaled $1.73 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.84.
EPS rose 8.1% from $1.60 in the prior year.
Normalized net income was $44.4 million, a gain of 7.0% from $41.5 million in the prior year.
Full-year total revenue grew on an annual basis to $587.0 million from $570.3 million, and total operating expenses grew on an annual basis to $515.5 million from $500.5 million.
The company said reported net income rose year over year to $51.7 million, or $2.02 per share, in the full year, from $50.9 million, or $1.97 per share.
