NEW YORK (TheStreet) -- Shares of PVH(PVH) - Get Report are surging by 6.88% to $95.97 in after-hours trading on Wednesday, after the company reported 2016 first quarter earnings and revenue that surpassed Wall Street's expectations.
After the market close, the owner of Calvin Klein and Tommy Hilfiger brands reported adjusted earnings of $1.50 per share, beating analysts' estimates for $1.43 per share.
Revenue increased by 2% year-over-year to $1.92 billion during the most recent period, above analysts' estimates for $1.9 billion.
PVH boosted its full-year outlook for earnings per share. The company now expects 2016 earnings to range between $6.45 and $6.55 per share, up from its previous forecast between $6.30 and $6.50 per share.
Analysts are looking for earnings of $6.46 per share for the year.
For the current quarter, PVH expects that earnings will range between $1.25 and $1.30 per share vs. analysts' estimates for $1.21 per share.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C+.
PVH's strengths such as its compelling growth in net income, revenue growth and attractive valuation levels are countered by the fact that the stock has had a generally disappointing performance in the past year.
You can view the full analysis from the report here: PVH
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.