By  on March 28, 2008

Movado Group Inc. on Thursday posted strong increases in fourth-quarter and year-end earnings, boosted by a one-time $15 million tax benefit.

Earnings for the three months ended Jan. 31 grew 39.6 percent to $19.6 million, or 72 cents a diluted share, from $14 million, or 52 cents, in the same year-ago quarter. Sales declined 2.6 percent to $138.6 million from $142.3 million.

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