By
Reuters
Published
Jan 11, 2011
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Phillips-Van Heusen raises Q4 outlook

By
Reuters
Published
Jan 11, 2011

Jan 10 - Apparel maker Phillips-Van Heusen Corp raised its fourth-quarter profit outlook on Monday and said profit for the year would be above at the high end of an earlier estimate.

The owner of the Calvin Klein and Tommy Hilfiger labels said that fourth-quarter adjusted earnings per share would likely be 82 cents, compared with a previously-issued range of 76 cents to 81 cents per share.

phillips van heusen
Customers shop at Tommy Hilfiger, one of Phillips-Van Heusen brands

Adjusted earnings per share for full-year 2010 is now expected to be $3.95, compared with an earlier range of $3.90 to $3.95 cents per share.

Revenue in the quarter and the full year is expected to remain at $1.37 billion and $4.61 billion, respectively.

Analysts, on average, have been expecting earnings of 82 cents per share in the quarter and $3.95 for the full year, according to Thomson Reuters I/B/E/S.

The company had most recently raised its 2010 profit outlook in early December.

Shares of Phillips-Van Heusen closed up 4.9 percent at $61.79 on the New York Stock Exchange.

(Reporting by Alexandria Sage; Editing by Bernard Orr)

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