PVH Corp. Slips To Loss In Q2 - Quick Facts

(RTTNews) - PVH Corp. (PVH) Monday reported second-quarter net loss attributable to the company of $16.0 million or $0.20 per share, compared to net income of $89.9 million or $1.22 per share in the comparable quarter last year.

Adjusted net income attributable to the company was $115.5 million or $1.39 per share, up from $94.2 million or $1.28 per share in the prior year period.

Revenues increased to $1.88 billion from $1.22 billion last year.

On average, analysts polled by Thomson Reuters expected the company to earn $1.37 per share on revenues of $1.89 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the third quarter, the company projects adjusted earnings of $2.20 per share, with revenues of approximately $2.2 billion. Analysts currently expect the company to earn $2.30 per share on revenues of $2.23 billion for the third quarter.

For the fiscal 2013, the company continues to expect adjusted earnings of approximately $7.00 per share and revenues of $8.25 billion. Analysts currently expect the company to report full-year earnings of $7.14 per share on revenues of $8.22 billion.