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PVH Corp. (PVH) Dropped To Over A 2-Month Low On Weak Forecast

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PVH Corp. (PVH: Quote) reported second quarter non-GAAP EPS of $1.39 after the bell Monday, up from $1.28 a year ago. The consensus estimate was for EPS of $1.37. The company expects to report third quarter non-GAAP EPS of approximately $2.20 and full year 2013 non-GAAP EPS of approximately $7.00. The consensus estimates are for EPS of $2.30 and 7.14.

PVH gapped open sharply lower Tuesday and declined during the first 2 hours of trade. The stock finished with a loss of 7.45 at $124.66, with volume at over a 5-month low. PVH fell to over a 2-month low.

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by RTT Staff Writer

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