NEW YORK (TheStreet) -- Shares of PVH Corp. (PVH) are up 7.36% to $125.75 in pre-market trade after the owner of the Calvin Klein and Van Heusen clothing brands reported second quarter earnings that beat analysts' estimates, as Tommy Hilfiger apparel sales increased.
Watch the video below for a closer look at PVH's latest quarterly results:
Profit excluding some items was $1.51 a share in the quarter through August 3.. Analysts estimated $1.43.
Tommy Hilfiger unit sales jumped 8.9% to $870.4 million in the quarter, and total revenue was up 0.5% to $1.98 billion. Analysts' estimated $1.99 billion in revenue.
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TheStreet Ratings team rates PVH CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate PVH CORP (PVH) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
- You can view the full analysis from the report here: PVH Ratings Report