PVH Profit Tops Estimate - Quick Facts

(RTTNews) - PVH Corp (PVH) Wednesday reported second-quarter net earnings of $126.5 million or $1.52 per share compared with a loss of $5.4 million or $0.07 per share last year.

Results for the prior year included acquisition and integration charges of $112 million.

Excluding items, adjusted earnings for the quarter were $1.51 per share compared with $1.39 per share a year ago.

Revenues for the quarter were $1.98 billion compared with $1.96 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.42 per share on revenues of $1.99 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the third quarter,PVH projects adjusted earnings of $2.45 to $2.50 per share and revenues of about $2.26 billion. Analysts expect earnings of $2.49 per share on revenues of $2.33 billion.

For the full year 2014, the company expects adjusted earnings of $7.30 to $7.40 per share. Revenues are now expected to be $8.4 billion, from prior guidance of $8.5 billion.

Analysts expect earnings of $7.38 per share on revenues of $8.47 billion.