PVH Expects Q4, FY16 Earnings To Be At Least At Top End Of Guidance Ranges

(RTTNews) - PVH Corp. (PVH) said it currently expects its earnings per share on both a reported and adjusted basis for the fourth quarter and full year 2016 to be at least at the top end of its guidance ranges previously announced on November 30, 2016.

While reporting its third-quarter financial results in November, PVH Corp. forecast adjusted earnings for the fourth quarter in a range of $1.13 to $1.18 per share and for the full year in a range of $6.70 to $6.75 per share.

At that time, the company also projected reported earnings for the fourth quarter of $0.99 to $1.04 per share, and for the full year of $6.51 to $6.56 per share.

On average, analysts polled by Thomson Reuters currently expect the company to report earnings of $1.19 per share for the fourth quarter and $6.76 per share for the full year. Analysts' estimates typically exclude special items.