PVH: Fiscal 2Q Earnings Snapshot
NEW YORK (AP) _ PVH Corp. (PVH) on Wednesday reported fiscal second-quarter earnings of $165.2 million.
On a per-share basis, the New York-based company said it had profit of $2.12. Earnings, adjusted for non-recurring costs, were $2.18 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.
The owner of the Calvin Klein and Tommy Hilfiger brands posted revenue of $2.33 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $2.28 billion.
For the current quarter ending in November, PVH expects its per-share earnings to range from $3.10 to $3.13. Analysts surveyed by Zacks had forecast adjusted earnings per share of $3.15.
The company expects full-year earnings in the range of $9.20 to $9.25 per share.
PVH shares have increased 14 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 9 percent. In the final minutes of trading on Wednesday, shares hit $156.69, an increase of 24 percent in the last 12 months.