RTTNews | Dec 1, 2021 04:50PM EST

16:50 Wednesday, December 1, 2021 (RTTNews.com) - PVH Corp. (PVH) revealed a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $297.7 million, or $3.89 per share. This compares with $69.8 million, or $0.98 per share, in last year's third quarter.

Excluding items, PVH Corp. reported adjusted earnings of $192.1 million or $2.67 per share for the period.

Analysts on average had expected the company to earn $2.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.4% to $2.33 billion from $2.11 billion last year.

PVH Corp. earnings at a glance:

-Earnings (Q3): $297.7 Mln. vs. $69.8 Mln. last year.-EPS (Q3): $3.89 vs. $0.98 last year.-Analyst Estimate: $2.07-Revenue (Q3): $2.33 Bln vs. $2.11 Bln last year.

-Guidance:Full year EPS guidance: $9.25Full year revenue guidance: $10.75 Bln

Read the original article on RTTNews ( https://www.rttnews.com/3246210/pvh-corp-q3-profit-increases-beats-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved