Following U.S. Stocks may claim a “BIG Change,” in the course of current trading session: Movado Group, Inc (NYSE:MOV), E Commerce China Dangdang Inc (ADR) (NYSE:DANG)
- Movado Group, Inc (NYSE:MOV), with shares inclined 17.09% is now trading at $30.01. The Stock is active as 1.13M shares changed hands versus its average volume of 178,280.00 shares.
- E Commerce China Dangdang Inc (ADR) (NYSE:DANG), with shares raised 13.25% is now trading at $9.49. The Stock is active as 2.91M shares changed hands versus its average volume of 738,260.00 shares.
Latest NEWS regarding these Stocks are depicted underneath:
Movado Group, Inc. (NYSE:MOV)
Today, Movado Group, Inc. (MOV), declared fourth quarter and fiscal year 2015 results for the periods ended January 31, 2015.
The Corporation recorded no unusual items in the fourth quarter and full fiscal year of 2015.
Net sales were $133.9 million contrast to adjusted net sales of $140.1 million in the preceding year period. Adjusted net sales for the fourth quarter of fiscal 2014 excluded the influence of the $7.8 million charge in the fourth quarter of fiscal 2014 for anticipated sales returns related to the ESQ reallocation strategy described above. Net sales on a constant dollar basis reduced 1.5% contrast to adjusted net sales for the fiscal 2014 fourth quarter.
Gross profit was $67.4 million, or 50.3% of sales, contrast to adjusted gross profit $74.3 million, or 53.0% of sales last year. Fourth quarter fiscal 2014 gross profit excludes the charge to gross profit for anticipated sales returns and the write down of excess inventory related to the ESQ reallocation strategy, in addition to the duty refund in the fourth quarter of fiscal 2014.
Operating expenses reduced $2.6 million or 4.3% to $57.3 million in the fourth quarter of fiscal 2015 from an adjusted $59.9 million in the fourth quarter last year. Adjusted operating expenses in the fourth quarter of fiscal 2014 excluded the $2.0 million pre-tax charge related to a contribution to the Movado Group Foundation and a $0.8 million write down of excess displays and point of sale materials related to the ESQ reallocation strategy.
Operating revenue in the fourth quarter was $10.1 million contrast to adjusted operating revenue of $14.4 million in the preceding year period.
Provision for revenue tax was $33,000 contrast to an adjusted tax provision of $2.2 million in the fiscal 2014 fourth quarter.
Net revenue was $10.1 million, or $0.40 per diluted share, contrast to adjusted net revenue of $12.0 million, or $0.46 per diluted share, for the same period in the preceding year.
Movado Group, Inc. designs, sources, markets, and distributes fine watches. The corporation operates in two segments, Wholesale and Retail. It offers its watches under the Coach, Concord, Ebel, ESQ, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brands to jewelry store chains, department stores, independent regional jewelers, licensed partner retail stores, and a network of independent distributors.
E-Commerce China Dangdang Inc. (NYSE:DANG)
Today, E-Commerce China Dangdang Inc. (DANG), declared its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2014.
Fourth Quarter and Fiscal Year 2014 Highlights:
- Net Revenue for the fourth quarter of 2014 was RMB32.8 million ($5.3 million), or 1.3% of total net proceeds, representing an raise of 51.4% from RMB21.7 million in the fourth quarter of 2013, or 1.1% of total net proceeds.
- Total net proceeds for the fourth quarter of 2014 were RMB2,505.0 million ($403.7 million), a 27.0% raise from the corresponding period in 2013. Gross Merchandise Value (“GMV”) from the marketplace in the fourth quarter of 2014 was RMB2,247.1 million ($362.2 million), a 61.2% raise from the corresponding period in 2013. The combination of product proceed from principal business and GMV from the marketplace reached RMB4,662.3 million ($751.4 million) and grew 42.7% year-over-year.
- Dangdang had about 9.8 million active customers counting about 3.7 million new customers, in the fourth quarter of 2014, representing raises of 10% and 20%, respectively, from the corresponding period in 2013. Total orders for the fourth quarter of 2014 were about 20.4 million, a 13% raise from the corresponding period in 2013.
- Mobile orders accounted for 31% of total orders for the fourth quarter of 2014, contrast to 13% for the corresponding period in 2013.
- Total net proceeds in fiscal year 2014 were RMB7,957.0 million ($1,282.4 million), a 25.8% raise from 2013.
- Net revenue in fiscal year 2014 was RMB88.1 million ($14.2 million), contrast to a net loss of RMB142.9 million in 2013.
- GMV from the marketplace in fiscal year 2014 was RMB6,608.3 million ($1,065.1 million), a 76.9% raise from 2013.
E-Commerce China Dangdang Inc. operates as a business-to-consumer e-commerce corporation in the People’s Republic of China. It primarily sells books, audio-visual products, periodicals, consumer electronics, and electronic publications through its Website dangdang.com.
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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
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