PVH Swings To Q2 Profit - Quick Facts

(RTTNews) - PVH Corp. (PVH) Wednesday reported second-quarter net income of $126.5 million or $1.52 per share, compared to a net loss of $5.4 million or $0.07 per share last year.

Adjusted earnings for the quarter were $1.51 per share, up from $1.39 per share last year.

Total revenues for the quarter rose to $1.98 billion from $1.96 billion last year.

Analysts polled by Thomson Reuters expected the company to earn $1.42 per share on revenues of $1.99 billion for the quarter. Analysts' estimates typically exclude special items.

For the full year 2014, the company reaffirmed its adjusted earnings guidance of $7.30 to $7.40 per share. The company now expects revenues of about $8.4 billion, compared to prior outlook of $8.5 billion.

Analysts currently estimate earnings of $7.38 per share on revenues of $8.47 billion for the quarter.

For the third quarter, the company expects adjusted earnings of $$2.45 to $2.50 per share and revenues of about $2.25 billion.

Analysts currently estimate earnings of $2.49 per share on revenues of $2.33 billion for the third quarter.