UBS Raises Price Target on PVH Corp. (PVH) Following 3Q Report
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PVH Corp. Reports 2016 Third Quarter Results
November 30, 2016 4:15 PM ESTThird quarter revenue increased 4% compared to the prior year period. Third quarter EPS on a GAAP basis was $1.56 compared to guidance of $2.30 to $2.35. Results included a $77 million noncash loss related to the deconsolidation of a Mexican subsidiary, which was not previously included in guidance, as regulatory approval was not received until the fourth quarter. Third quarter EPS on a non-GAAP basis was $2.60, which exceeded guidance of $2.35 to $2.40 and included a $0.46 per share negative impact compared to the prior year period related to foreign currency exchange... More
