PVH Q4 Adj. Profit Tops View; Issues Q1, FY14 Outlook - Quick Facts

(RTTNews) - PVH Corp. (PVH) Tuesday reported fourth-quarter net loss attributable to the company of $37.5 million or $0.46 per share, compared to net income of $80.7 million or $1.09 per share in the comparable quarter last year.

Adjusted net income attributable to the company was $119.0 million or $1.43 per share, compared to $118.5 million or $1.60 per share in the prior year period. On average, 21 analysts polled by Thomson Reuters expected the company to earn $1.42 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $2.05 billion from $1.64 billion last year, while sixteen analyst expected revenue of $2.07 billion.

Looking ahead to the first quarter, the company projects adjusted earnings of $1.45 per share to $1.50 per share, with revenues of approximately $2.0 billion. Analysts currently expect the company to earn $1.70 per share on revenues of $1.99 billion for the first quarter.

For the fiscal 2014, the company currently expects adjusted earnings in the range of $7.40 per share to $7.50 per share, while revenue is currently projected to increase 3% to approximately $8.5 billion, inclusive of a negative impact of $176 million, or 2%, attributable to the exit from the Bass business.

Analysts currently expect the company to report full-year earnings of $7.80 per share on revenues of $8.60 billion.