PVH Q3 Profit Rises - Quick Facts

(RTTNews) - PVH Corp. (PVH) Monday reported third-quarter net income attributable to the company of $196.7 million or $2.37 per share, compared to net income of $167.7 million or $2.27 per share in the comparable quarter last year.

Adjusted net income attributable to the company was $190.8 million or $2.30 per share, compared to $175.8 million or $2.38 per share in the prior year period.

Revenues increased to $2.26 billion from $1.64 billion last year.

On average, analysts polled by Thomson Reuters expected the company to earn $2.24 per share on revenues of $2.22 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the fourth quarter, the company projects adjusted earnings of $1.40 per share, with revenues of approximately $2.08 billion. Analysts currently expect the company to earn $1.53 per share on revenues of $2.14 billion for the fourth quarter.

For the fiscal 2013, the company continues to expect adjusted earnings of approximately $7.00 per share, while revenues are expected to be in the range of $8.24 billion, down from its prior range of $8.25 billion. Analysts currently expect the company to report full-year earnings of $7.07 per share on revenues of $8.26 billion.