PVH Corp. Q1 adjusted earnings Beat Estimates

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

The company's profit totaled $82.0 million, or $1.08 per share. This compares with $179.4 million, or $2.29 per share, in last year's first quarter.

Excluding items, PVH Corp. reported adjusted earnings of $186.4 million or $2.46 per share for the period.

Analysts had expected the company to earn $2.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.2% to $2.36 billion from $2.31 billion last year.

PVH Corp. earnings at a glance:

-Earnings (Q1): $186.4 Mln. vs. $184.8 Mln. last year. -EPS (Q1): $2.46 vs. $2.36 last year. -Analysts Estimate: $2.44 -Revenue (Q1): $2.36 Bln vs. $2.31 Bln last year.