NEW YORK (TheStreet) -- PVH (PVH) shares are fluctuating in early market trading today after the apparel company reported its third quarter financial results after the closing bell yesterday.
The company whose brands include Calvin Klein and Tommy Hilfiger clothing reported third quarter earnings of $2.56 per share on an adjusted basis, beating its own guidance range of between $2.45 and $2.50, and coming out ahead of analysts expectations by 8 cents per share.
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The company generated $2.23 billion in revenue during the quarter, falling short of analysts' $2.3 billion expectations for the period.
The company's stock suffered in after-hours trading yesterday, however, due to its lowered full year 2015 earnings guidance range. PVH now expects earnings between $7.25 and $7.30 per diluted share, down from its previous expectations of between $7.30 to $7.40 per diluted share, due to a weaker euro.
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 several positive factors, 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 compelling growth in net income, revenue growth, good cash flow from operations, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."