PVH Shares Surge On Earnings Beat

PVH Corp. shares rallied in the extended session Wednesday after the Calvin Klein and Tommy Hilfiger brand owner topped Wall Street earnings expectations for the quarter. PVH shares advanced 5% to $98. The company reported adjusted third-quarter earnings of $2.66 a share on revenue of $2.16 billion. Analysts surveyed by FactSet had estimated $2.47 a share on revenue of $2.17 billion. PVH sees full-year earnings of $6.90 to $7 a share, while analysts expect $6.93 a share.