PVH shares are trading lower after the company guided a Q3 revenue decline and issued EPS estimates below estimates.
Portfolio Pulse from Benzinga Newsdesk
PVH shares are experiencing a decline as the company forecasts a decrease in Q3 revenue and provides EPS estimates that fall below expectations.
August 28, 2024 | 11:13 am
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NEGATIVE IMPACT
PVH shares are trading lower due to the company's guidance of a Q3 revenue decline and EPS estimates that are below market expectations.
The guidance of a revenue decline and lower-than-expected EPS estimates are negative indicators for PVH's financial performance, leading to a decrease in investor confidence and a drop in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100