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PVH Corp. profit misses consensus by 25.4% in fiscal Q3

PVH Corp. said its normalized net income for the fiscal third quarter ended Nov. 2 was $1.86 per share, compared with the S&P Capital IQ consensus estimate of $2.49 per share.

EPS increased 8.9% year over year from $1.71.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $154.9 million, an increase of 9.5% from $141.4 million in the prior-year period.

The normalized profit margin climbed to 6.9% from 6.3% in the year-earlier period.

Total revenue decreased year over year to $2.23 billion from $2.26 billion, and total operating expenses totaled $1.97 billion, compared with $1.99 billion in the prior-year period.

Reported net income rose 15.0% year over year to $225.7 million, or $2.71 per share, from $196.2 million, or $2.37 per share.