Calvin Klein and Tommy Hilfiger Owner Beats Forecasts

NEW YORK, United States — PVH Corp. (PVH) on Wednesday reported fiscal third-quarter earnings of $239.2 million.

The New York-based company said it had profit of $3.05 per share. Earnings, adjusted for non-recurring gains, came to $3.02 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.91 per share.

The owner of the Calvin Klein and Tommy Hilfiger brands posted revenue of $2.36 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.33 billion.

For the current quarter ending in January, PVH expects its per-share earnings to range from $1.42 to $1.44. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.43.

The company expects full-year earnings in the range of $7.78 to $7.80 per share.

PVH shares have climbed 52 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 17 percent. In the final minutes of trading on Wednesday, shares hit $137.14, a climb of 29 percent in the last 12 months.