PVH boosts fourth-quarter earnings forecast
SAN FRANCISCO (MarketWatch) — PVH Corp. said late Wednesday it raised its earnings-per-share forecast for the fourth quarter by 5 cents because of strong performance from its Calvin Klein and Tommy Hilfiger brands. The clothing company now sees adjusted earnings of .08 to .10 a share, compared with its previous forecast of .03 to .05 a share. Analysts surveyed by FactSet Research estimate earnings of .07 a share for the quarter. PVH also forecast adjusted earnings of .90 to a share for 2012, compared with the a share consensus from analysts. Shares of PVH declined 5.8% to .62 in light volume after-hours activity.
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