PVH Backs Q4, FY EPS Outlook; But Cuts Revenue Guidance

(RTTNews) - PVH Corp. (PVH) Friday reaffirmed its earnings outlook for the fourth quarter and full year 2013, however the apparel maker lowered its revenue guidance.

For the full year 2013, PVH currently expects adjusted revenues of about $8.22 billion, down from prior outlook of $8.24 billion. The company continues to see adjusted earnings of about $7.00 per share for the year. On average, 20 analysts polled by Thomson Reuters currently expect earnings of $7.04 per share for the year. Analysts' estimates typically exclude special items.

PVH now sees revenues to be about $2.06 billion for the fourth quarter, down from previous estimate of $2.08 billion. PVH continues to expect fourth quarter adjusted earnings of about $1.40 per share. Analysts currently expect fourth quarter earnings of $1.44 per share on revenues of $2.08 billion.