PVH Corp. Pops on Q3 Beat

Shares of PVH Corp.

are trading higher in the after-hours following the release of the company's Q3 earnings results. Currently, shares are higher by 1.67%, trading at $68.75; they ended the regular session lower by 0.40%, at $67.62. PVH Corp. reported Q3 EPS of $1.89 on revenues of $1.65 billion; the Street was looking for $1.81 per share on revenues of $1.61 billion. Revenues increased 9.1% year over year. Emanuel Chirico, Chairman and Chief Executive Officer, noted, "We are extremely pleased with our third quarter results, which were driven by our Tommy Hilfiger and Calvin Klein businesses. Despite the volatile market conditions, both of these brands continue to exhibit exceptional growth, both domestically and internationally.” “The Tommy Hilfiger and Calvin Klein businesses represent approximately three quarters of our overall revenues and their strong global performance has more than offset some of the challenges we have been facing with certain of our more moderate heritage businesses." The company sees Q4 EPS in the range of $1.03-1.05 on revenues of $1.467-1.487 billion; the Street was at $1.00 per share on revenues of $1.48 billion. PVH Corp., formerly Phillips-Van Heusen Corporation, is an apparel company. Its portfolio of brands includes its owned brands, Calvin Klein Collection, ck Calvin Klein, Calvin Klein, Van Heusen, IZOD, ARROW, G.H. Bass & Co., Bass and Eagle, and its licensed brands.