Reuters: Global Markets: PVH first quarter beats on Tommy Hilfiger, Calvin Klein strength

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

PVH first quarter beats on Tommy Hilfiger, Calvin Klein strength May 23rd 2012, 20:35 Wed May 23, 2012 4:35pm EDT (Reuters) - Clothing maker PVH Corp (PVH.N) reported better-than-expected quarterly results and forecast second-quarter earnings largely above estimates, driven by strong demand for its Calvin Klein and Tommy Hilfiger brands. The company forecast second-quarter adjusted earnings of $1.18 to $1.20 per share. Analysts on average were expecting $1.18 per share, according to Thomson Reuters I/B/E/S. First-quarter net income rose to $93.1 million, or $1.27 per share, from $57.7 million, or 79 cents per share, last year. Excluding items, the company earned $1.30 per share. Sales rose about 4 percent to $1.43 billion. Analysts on average were expecting earnings of $1.26 per share, on revenue of $1.40 billion. PVH shares, which have risen about 9 percent this year, rose to $79.97 in extended trade. They closed at $77.37 on Wednesday on the New York Stock Exchange.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions