PVH Corp. Q1 adjusted earnings Beat Estimates

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(RTTNews.com) - PVH Corp. ( PVH ) reported a profit for its first quarter that rose from the same period last year.

The company's earnings totaled $179.4 million, or $2.29 per share. This compares with $70.4 million, or $0.89 per share, in last year's first quarter.

Excluding items, PVH Corp. reported adjusted earnings of $184.8 million or $2.36 per share for the period.

Analysts had expected the company to earn $2.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.5% to $2.19 billion from $1.88 billion last year.

PVH Corp. earnings at a glance:

-Earnings (Q1): $184.8 Mln. vs. $130.2 Mln. last year.
-EPS (Q1): $2.36 vs. $1.65 last year.
-Analysts Estimate: $2.25
-Revenue (Q1): $2.19 Bln vs. $1.88 Bln last year.


Next quarter EPS guidance: $2.05 to $2.10
Full year EPS guidance: $9.05 to $9.15

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This article appears in: Fundamental Analysis , World Markets , Stocks , Technology , Earnings
Referenced Symbols: PVH ,

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