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PVH: Fiscal 2Q Earnings Snapshot

NEW YORK (AP) _ PVH Corp. (PVH) on Wednesday reported a fiscal second-quarter loss of $51.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of 72 cents. Earnings, adjusted for non-recurring costs, came to 13 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $2.44 per share.

The owner of the Calvin Klein and Tommy Hilfiger brands posted revenue of $1.58 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.28 billion.

PVH shares have decreased 43% since the beginning of the year, while the Standard & Poor's 500 index has increased 11%. In the final minutes of trading on Wednesday, shares hit $59.51, a drop of 20% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PVH at https://www.zacks.com/ap/PVH