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PVH Corp. reported its third-quarter earnings for 2024, surpassing expectations with an adjusted EPS of $3.03, compared to the consensus estimate of $2.59, and revenue of $2.26 billion, above the anticipated $2.22 billion. Despite these positive results, the company's stock experienced a significant drop, falling 8.2% pre-market, due to a disappointing holiday outlook. PVH issued a weaker-than-expected profit forecast for the next quarter and narrowed its full-year guidance, reflecting a $0.10 negative impact from foreign exchange rates.
$PVH Guidance: "We are updating our EPS guidance to $11.55 to $11.70 compared to $11.55 to $11.80 previously to tighten the range as we head into the fourth quarter and to reflect a $0.10 negative impact from exchange on the top end. Additionally, we continue to deliver on our… https://t.co/nf2LYyQMQd
$DG +0.5%: Rev. beat. $KR -1.5%: EPS & rev. fell short w/ guidance disappointing. $SNPS -7%: Next Q guidance underwhelmed. $PVH -7%: Issued poor next Q profit outlook & narrowed FY view. $AVAV -12%: Bottom line missed.S -12.5%: Unexpectedly reported a loss in Q3. $SIG -12%: EPS,…
$PVH (-8.2% pre) PVH shares fall after weak guidance clouds Q3 results beat - SA https://t.co/yIPJxz08gz
