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Why PVH Stock Triumphed on Thursday

Why PVH Stock Triumphed on Thursday

What a difference a quarter makes, at least in the case of fashion retailer PVH (NYSE: PVH). After PVH unveiled very sharp-looking quarterly results after market hours on Wednesday, the following day the company's share price rose by over 9%. Although PVH's third-quarter revenue saw a slight (2%) year-over-year decline, at $2.28 billion it still came in higher than the average analyst estimate -- those prognosticators were collectively modeling $2.23 billion.