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PVH jumps after beating expectations on top and bottom line

Investing.com -- PVH Corp (NYSE:PVH) shares were rising after the parent of fashion brands Tommy Hilfiger and Calvin Klein beat expectations for the second quarter.

The company reported adjusted earnings per share of $1.98 on revenue of $2.21 billion. Analysts expected adjusted earnings of $1.76 a share on revenue of $2.19B.

Shares were up 1.1% in after hours trading. They are up 14% so far this year.

CEO Stefan Larsson said, “As we lean into the five key growth drivers of the PVH+ Plan, we’re continuing to gain traction by connecting our consumer-facing execution with an increasingly demand-driven operating engine to fuel long-term profitable growth.”

PVH said third quarter earnings per share are expected to be around $2.70 and revenue is expected to rise in the middle-single digits from the same time last year.

For the full year, the company sees adjusted earnings per share of $10.35 and revenue rising 3% to 4%.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.