PVH Corp. (PVH) stock prices updated...
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PVH Corp. stock price
PVH Corp. latest news:
BRIEF-PVH reports Q2 non-GAAP earnings per share $1.69
* PVH Corp. Reports 2017 second quarter revenue and eps
above guidance and raises full year guidance
Calvin Klein parent PVH Corp. shares rise on earnings beat, raised guidance
Shares of PVH Corp. rose more than 3% late Wednesday after the parent of Calvin Klein, Tommy Hilfiger and other apparel retailers reported second-quarter earnings that beat Wall Street expectations and raised its earnings outlook. PVH said it earned $120 million, or $1.52 a share, in the quarter, compared with $91 million in the prior-year quarter. Adjusted for one-time items, PVH earned $122 million, or $1.69 a share, compared with $1.47 a share a year ago. Sales rose 7% to $2.07 billion, compared with $1.9 billion in the prior-year period. Analysts polled by FactSet had expected adjusted earnings of $1.64 a share on sales of $2.03 billion. The company raised its GAAP earnings guidance to between $6.44 a share and $6.54 a share, from $6.24 a share and $6.34 a share previously, and called for adjusted earnings in a range of $7.60 a share to $7.70 a share, from $7.40 a share to $7.50 a share previously. The shares ended the regular trading session down 0.2%.
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