Phillips-Van Heusen(PVH Quote) raised its fourth-quarter guidance, lifting its shares more than 7% Tuesday. The New York-based apparel company is estimating its quarterly profit at 35 cents to 37 cents a share, excluding restructuring costs and other items.
The forecast means earnings will be up about 25% from a year ago, and marks a 7-cent to 9-cent increase above its prior guidance. The company estimated revenue would be $470 million to $475 million, up 14% to 15% from a year ago. Shares of Phillips-Van Heusen rose $2.39 to $35.84 in recent trading.
Shares of Crosstex Energy(XTEX Quote) were higher after the Dallas-based natural gas company agreed to purchase the U.S. amine-treating rental assets of Hanover Compression LP, a unit of Hanover Compressor(HC Quote), for about $52 million. Crosstex Energy rose 40 cents, or 1.1%, to $35.71 in recent trading. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet