Philips-Van Heusen Corp comes back to a profit for its fourth quarter. Philips-Van Heusen trades on the “New York Stock Exchange” under the stock symbol “PVH”. For More information regarding “PVH”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Phillips-Van Heusen Corp. (NYSE:PVH) returned to a fourth-quarter profit, the clothing company said Monday, as its revenue climbed more than 6 percent thanks to stronger sales of its Calvin Klein brand. The company is in the process of acquiring the privately held Tommy Hilfiger brand for $3 billion in a cash-and-stock deal.
Phillips-Van Heusen, which also owns Izod and other brands and operates branded stores, earned $27.0 million, or 51 cents per share, for the three months that ended Jan. 31. That compares with a loss of $37.9 million, or 74 cents per share, a year earlier.
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