NEW YORK (TheStreet) -- Shares of PVH Corp (PVH) were rallying, up 3.21% to $108 in after-hours trading Monday, following the apparel company's better than expected first quarter earnings results, released after the market closed.
The apparel company earned $1.50 per share on revenue of $1.88 billion for the quarter.
Analysts were expecting PVH to rake in earnings of $1.38 per share on revenue of $1.86 billion for the first quarter, according to the Associated Press.
"Strong underlying fundamentals in our international Calvin Klein and Tommy Hilfiger businesses was partially offset by softness in our U.S. Calvin Klein and Tommy Hilfiger businesses, where a strong U.S. dollar negatively impacted international tourist spending," said PVH chairman and CEO Emanuel Chirico.
PVH also authorized a $500 million three-year stock repurchase program.
Looking ahead, the company expects earnings for the current quarter ending in July, to come in between $1.25 to $1.30 per share.
For the full-year, PVH expects earnings in a range of between $6.85 to $6.95 per share.
New York City-based PVH is a global apparel company with its brand portfolio consisting of Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner's and Olga.
PVH also holds Speedo, which is licensed for North America and the Caribbean.
The company designs and markets branded dress shirts, neckwear, sportswear, jeanswear, underwear, intimate apparel, swim products and, to a lesser extent, handbags, footwear and other related products and licenses its owned brands over a range of products.
Separately, 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 some important positives, 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, reasonable valuation levels and good cash flow from operations. We feel its 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