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PVH Corp. Moving Sharply Higher After Raising Guidance

After gapping open sharply higher, shares of PVH Corp. (PVH) continue to see considerable strength in afternoon trading on Friday. PVH is currently up by 8.2 percent after reaching its best intraday level in a month.

The initial jump by PVH came after the apparel maker raised its fourth quarter and full-year earnings and revenue guidance.

PVH said it expects fourth quarter adjusted earnings of at least $1.75 per share, which is $0.15 per share above the high end of its previous guidance.

The company also forecast full-year adjusted earnings of at least $9.50 per share compared to previous expectations of $9.33 to $9.35 per share.

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