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Why PVH Stock Jumped on Wednesday

TheMotleyFool

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PVH (NYSE: PVH) released second-quarter results on Tuesday that showed a strong pace of recovery underway for the owner of top apparel brands Calvin Klein and Tommy Hilfiger. Revenue increased 46% year over year, or 40% adjusted for currency changes, reaching $2.3 billion.

Most importantly, the bottom line is tightening up very nicely, with earnings per share coming in at $2.51, up from a per-share loss of $0.72 in the year-ago quarter. The second-quarter performance was above management's expectations (and obviously investors' as well), and the stock was up 13.3% at 10 a.m. EDT on Wednesday.

Image source: Getty Images.

Source Fool.com

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