WASHINGTON (dpa-AFX) - PVH Corp. (PVH) released a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $157.2 million, or $2.83 per share. This compares with $271.8 million, or $4.55 per share, last year.
Excluding items, PVH Corp. reported adjusted earnings of $181.4 million or $3.27 per share for the period.
Analysts on average had expected the company to earn $3.21 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 4.8% to $2.256 billion from $2.369 billion last year.
PVH Corp. earnings at a glance (GAAP) :
-Earnings: $157.2 Mln. vs. $271.8 Mln. last year. -EPS: $2.83 vs. $4.55 last year. -Revenue: $2.256 Bln vs. $2.369 Bln last year.
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