UPDATE: PVH FQ3 Profit Surges 47%

PVH

reported a 47% rise in its fiscal third-quarter profit. PVH's quarterly earnings surged to $165.4 million, or $2.24 per share, from $112.2 million, or $1.54 per share, in the year-earlier period. Excluding special costs, PVH earned $2.34 per share. Its revenue dropped to $1.64 billion from $1.65 billion. However, analysts were expecting earnings of $2.30 per share on revenue of $1.64 billion. PVH's revenue from its Tommy Hilfiger business rose 1%, while revenue from Calvin Klein climbed 6%. PVH shares gained 1.20% to $110.60 in after-hours trading.