PVH Corp Raises Annual Guidance on Positive Quarterly Earnings
On May 30, PVH Corp. (PVH) reported its earnings for the first quarter of 2018. The company’s revenue increased by 16% over the previous year and exceeded expectations across all business lines. As a result, PVH increased its annual earnings guidance for the year from between $8.76 and $8.86 per share to between $8.81 and $8.91 per share.
Sonal sent out an alert at 4:15 pm, and the next trade took place at 4:20 pm for $155.77. The stock opened for regular market trading the next morning at $155.76. PVH continued to move higher during the next five trading days. The stock had a gain of 6% after closing at $165.10 on June 7.
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