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By
Reuters
Published
Jun 26, 2011
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Phillips-Van Heusen ups Q2 view on Hilfiger, Calvin Klein strength

By
Reuters
Published
Jun 26, 2011

Phillips-Van Heusen Corp said it expects a stronger profit for the second quarter as its major growth drivers, the Tommy Hilfiger and Calvin Klein brands, continue to do well.

Calvin Klein, phillips van heusen, Tommy Hilfiger
Emmanuel Chirico, CEO PVH Corp / Photo: PVH Corp

On an adjusted basis, the company now expects to earn at least 95 cents per share -- the higher end of its earlier forecast.

The company had earlier forecast earnings between 93-95 cents a share. Analysts, on average, were expecting it to earn 94 cents, according to Thomson Reuters I/B/E/S.

The company also expects adjusted yearly earnings to be towards the high end of its previous estimate of $4.80-$5.00 per share.

Shares of the company closed at $63.18 on Wednesday on the New York Stock Exchange.

(Reporting by Nivedita Bhattacharjee; Editing by Roshni Menon)

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