Diamonds and Dogs
Movado Group Inc. (MOV)
Movado is on the move today, up 11.16% to $28.49. The fine watch company saw its shares pop after earnings were reported higher than expected. For the fourth quarter, Movado management announced a profit of $10.1 million on revenue of $133.9 million, which equates to $0.40 per share. Analysts' were expecting the company to make $0.20 per share. The better than expected earning helped shares of Movado rally nearly $3.00 today, however shares are still well off of their 52-week high of $46.89.
The Phoenix Companies Inc. (PNX)
The Phoenix Companies is crashing today, down 10.84% to $49.99. The life insurance and annuity company saw its shares fall after a poor earnings report. For the fourth quarter, Phoenix reported a loss of $140.3 million after it reported a profit last year. For the year, the company reported a loss of $213.2 million, or $37.09 per share. Shares of Phoenix fell over $6.00 today but managed to hold above their 52-week low of $38.07.