November 25, 2019 / 9:30 PM / 16 days ago

Calvin Klein-owner PVH Corp raises FY profit outlook after third-quarter revenue beat

Nov 25 (Reuters) - PVH Corp's raised full-year adjusted profit forecast on Monday, after its third-quarter revenue topped Wall Street expectations, powered by higher demand for its Calvin Klein and Tommy Hilfiger apparel in Europe.

Total revenue rose to $2.59 billion from $2.52 billion, above average analysts' estimate of $2.54 billion, according to IBES data from Refinitiv.

The company now expects to earn between $9.43 and $9.45 per share for full year 2019, compared with its prior range of $9.30 to $9.40.

Net income attributable to the company fell to $209.2 million, or $2.82 per share, in the quarter ended November 3, from $243.1 million, or $3.15 per share, a year earlier. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Vinay Dwivedi)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below