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Apparel & Retail After the Bell: PVH, Zumiez Friday, December 2, 1:31 PM ET Apparel producer PVH Corp. (PVH) posted third quarter earnings after the close of trading yesterday that rose to $112.2 million, or $1.54 per share, from $99.8 million, or $1.39 per share, last year.
Adjusted earnings of $1.89 per share beat analyst expectations, as did a 9% increase in revenue, to $1.65 billion.
The parent company of the Calvin Klein and Tommy Hilfiger brands said it expects full-year adjusted earnings of $5.23 to $5.25 per share, also ahead of analyst estimates.
PVH shares are trading up 6.6% Friday. Rival Ralph Lauren (RL) is trading up over 3.2% today.
Also late yesterday, teen retailer Zumiez (ZUMZ) reported third quarter earnings rose to $14.1 million, or $0.45 per share, from $12.3 million, or $0.40 per share, last year.
Revenue rose 13%, to $154 million, on a 6% increase in same-store sales.
Results beat analyst expectations.
Zumiez said it anticipates earnings of $0.52 to $0.54 per share in the fourth quarter, ahead of analyst expectations at the high end.
Shares are trading up over 19% Friday.
Rival sports-inspired retailer Quiksilver (ZQK) is trading up over 3.6% today, while Pacific Sunwear (PSUN) trades up about 2.3%.
For MarketNewsVideo.com, I'm Sayoko Murase. | |
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