PVH Shares Fall Despite Q1 Earnings Beat

PVH Corp PVH shares are down despite reporting a first-quarter earnings beat after the close on Wednesday.

First-quarter earnings came in at $2.46, beating estimates by 2 cents. Sales came in at $2.237 billion, beating estimates by $133 million.

The company sees 2019 adjusted earnings of $10.20-$10.30 and projects sales growth to be around 3 percent year over year.

PVH shares were down 5 percent at $94.10 in after-hours trading. The stock closed the regular session down 6.2 percent at $99.25.

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