NEW YORK — Tommy Hilfiger Corp. on Tuesday posted a first-quarter profit compared with a loss in last year’s quarter, helped in part by an $11 million legal settlement, but warned that future orders from retailers may slow unless consumer spending picks up during holiday.

Despite the warning, Wall Street loved Tommy. Shares closed Tuesday at $11.01, up 76 cents, or 7.4 percent, in trading on the New York Stock Exchange Tuesday, as the Dow Jones Industrial Average plunged 149.72 points, or 1.6 percent, to end the day at 9,036.32. Tommy’s volume was surprisingly heavy, trading at 4.41 million shares compared with a daily average of just 736,318 shares.

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