PVH Corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - PVH Corp. (PVH) reported a profit for its first quarter that rose from the same period last year.

The company's earnings totaled $179.4 million, or $2.29 per share. This compares with $70.4 million, or $0.89 per share, in last year's first quarter.

Excluding items, PVH Corp. reported adjusted earnings of $184.8 million or $2.36 per share for the period.

Analysts had expected the company to earn $2.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.5% to $2.19 billion from $1.88 billion last year.

PVH Corp. earnings at a glance:

-Earnings (Q1): $184.8 Mln. vs. $130.2 Mln. last year. -EPS (Q1): $2.36 vs. $1.65 last year. -Analysts Estimate: $2.25 -Revenue (Q1): $2.19 Bln vs. $1.88 Bln last year.

-Guidance: Next quarter EPS guidance: $2.05 to $2.10 Full year EPS guidance: $9.05 to $9.15