During its second-quarter earnings report on Tuesday, PVH Corp. (PVH) announced an updated financial outlook for fiscal year 2024 and the third quarter.For the fiscal year 2024, the company has raised its earnings per share (EPS) forecast to a range of $11.20 to $11.45, up from the previously estimated range of $11.15 to $11.40.On an adjusted basis, PVH now expects earnings of $11.55 to $11.80, an increase driven by a tax benefit, compared to the earlier forecast of $11.00 to $11.25.Thomson Reuters analysts, on average, estimate earnings of $11.31 per share for the fiscal year period.For the third quarter, PVH anticipates earning approximately $2.30 per share, with adjusted earnings projected to be around $2.50 per share.In contrast, Thomson Reuters analysts, on average, have projected earnings of $3.12 per share for the same quarter.The material has been provided by InstaForex Company – www.instaforex.com
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