Apparel maker PVH Corp. (PVH) , Tuesday said that based on higher-than-expected wholesale shipments, and tax gains, it expects the first-quarter adjusted earnings to be above its own preliminary outlook. The company had earlier expected adjusted earnings to be flat for the period.
Analysts, on average, expect PVH to report earnings of $1.33 per share. Analyst estimates typially exclude one-time items.
The company also said its full-year earnings would remain unchanged from its earlier expectations of $7.00 per share on a Non-GAAP basis.
The Street expects the firm to report earnings of $7.03 per share for the full year.
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