NEW YORK — PVH Corp. late Tuesday delivered better-than-expected third-quarter earnings as Calvin Klein, Heritage Brands and especially Tommy Hilfiger generated increases in profitability.
In the three months ended Oct. 28, the New York-based apparel giant produced net income of $165.4 million, or $2.24 a diluted share, 47.4 percent above the $112.2 million, or $1.54, reported in the third quarter of 2011. On an adjusted basis, eliminating items such as $6.4 million spent on its pending acquisition of Warnaco Group Inc. for $2.9 billion. Earnings per share were $2.34, 4 cents above the consensus estimate of analysts.
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