NEW YORK — Cost cuts allowed Movado Group Inc. to post gains in second-quarter profits despite an appreciable sales decline.

For the three months ended July 31, the Paramus, N.J.-based watchmaker reported net income grew 4.8 percent to $5.4 million, or 44 cents a diluted share. That compares with net income of $5.1 million, or 42 cents, in the prior-year quarter. Earnings per share beat the Wall Street consensus estimate by a penny.

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