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Stock Market & Financial Investment News

News Breaks
June 5, 2014
11:37 EDTPVH, RL, PERY, OXMPVH Corp. sinks after lowering profit outlook for FY14
Shares of apparel company PVH Corp. (PVH) are falling after the company reported worse than expected first quarter results and lowered its fiscal 2014 profit outlook. WHAT'S NEW: Last night, PVH Corp. reported Q1 earnings per share of $1.47 and revenue of $1.96B, missing estimates of $1.49 and $1.98B, respectively. WHAT'S NOTABLE: The company lowered its fiscal year 2014 EPS view to $7.30-$7.40 from $7.40 - $7.50, which is below analystsí consensus estimates of $7.51. PVH also guided FY14 revenue of $8.5B, in line with estimates of $8.5B. The company said it expects adjusted EPS for the second half of the year to increase 20%, with the majority of the growth coming in the fourth quarter. For the second quarter, the company forecast EPS of $1.40-$1.45, compared to analystsí consensus estimates of $1.48, and revenue of revenue $2B, in line with estimates. PVH Chairman and CEO Emanuel Chirico noted, "We believe our North American businesses will experience margin pressure in Q2" and said full year EPS guidance was lowered to reflect this. He added, "We will continue to make the previously planned strategic investments, particularly in the acquired Calvin Klein businesses, in order to unlock the full global potential of the Calvin Klein businesses over the long-term." PRICE ACTION: In late morning trading, PVH Corp. fell $9.12, or about 7%, to $121.59 on nearly three times its average daily trading volume. Despite today's pull back, the stock is up approximately 9% over the past 12 months. OTHERS TO WATCH: Shares of PVH peer Ralph Lauren (RL) are down nearly 1% to $153.88, while another apparel maker, Pery Ellis (PERY) is up almost 1% to $17.68.
News For PVH;RL;PERY;OXM From The Last 14 Days
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August 21, 2014
07:34 EDTPERYPerry Ellis narrows FY15 EPS view to 85c-95c from 80c-95c, consensus 91c
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07:32 EDTPERYPerry Ellis reports Q2 adjusted EPS (8c), consensus (12c)
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August 20, 2014
15:26 EDTPERYNotable companies reporting before tomorrow's open
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08:21 EDTPERYPerry Ellis management to meet with Benchmark
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August 18, 2014
09:07 EDTPERYPerry Ellis announces bedding license with Perfect Fit Industries
Perry Ellis announced that it has entered into license agreements with Perfect Fit Industries for bedding products including mattress pads, bed toppers, electric blankets, electric mattress pads and pillows for customers in the U.S. and Canada under the Perry Ellis Portfolio and Laundry by Shelli Segal brands.
August 13, 2014
09:31 EDTPERYPerry Ellis downgraded to Neutral from Buy at Sidoti

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