PVH Corp Q3 2023 Adj. EPS $2.90 Beats $2.73 Estimate, Revenue $2.363B Misses $2.410B Estimate
Portfolio Pulse from Benzinga Newsdesk
PVH Corp reported Q3 2023 adjusted earnings per share (EPS) of $2.90, surpassing the analyst estimate of $2.73. However, their revenue of $2.363 billion fell short of the expected $2.410 billion.
November 29, 2023 | 9:19 pm
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NEUTRAL IMPACT
PVH Corp's Q3 2023 adjusted EPS exceeded expectations, but revenue did not meet the forecasted amount.
The mixed results with a positive EPS beat and a slight revenue miss could lead to a neutral short-term impact on PVH Corp's stock price. While the earnings beat is positive, the revenue miss may raise concerns about growth and sales performance, potentially balancing out investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100