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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Why PVH Stock Popped Today

Jeremy Bowman, The Motley Fool
·2 min read
Why PVH Stock Popped Today

Shares of PVH (NYSE: PVH) were surging today after the apparel company and owner of brands like Calvin Klein and Tommy Hilfiger posted better-than-expected results in its fourth-quarter earnings report. In a difficult retail environment, PVH said that revenue in the fourth quarter rose 2%, or 8% in constant currency, to $2.489 billion, which easily beat estimates at $2.37 billion and its own guidance, which called for a decline in revenue of 4%. It also said Tommy Hilfiger and Calvin Klein helped drive the company's overall growth.

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