Shares of PVH Corp. (PVH) ended Tuesday’s trading day up 7 percent, making it TheStreet’s Move of the Day. The stock inched higher after reporting impressive earnings on Monday. The company exceeded Wall Street’s estimates on both the top and bottom lines. The New York City-based apparel company is the maker of well-known brands such as Calvin Klein, IZOD and Tommy Hilfiger, among others. ‘We are very pleased with our first quarter results, which exceeded our first quarter guidance, driven by the strength of our Calvin Klein business,’ said Emanuel Chirico, chairman & CEO of PVH. The company said foreign exchange headwinds negatively impacted earnings per share by $0.27. During the quarter, PVH announced a share repurchase program totaling $500 million over three years. As for outlook, PVH expects earnings per share of between $6.85 and $6.95 for 2015. TheStreet’s Scott Gamm reports from New York.
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