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By
Reuters
Published
Feb 17, 2010
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Phillips-Van Heusen raises fourth quarter view

By
Reuters
Published
Feb 17, 2010

Feb 17 (Reuters) - Phillips-Van Heusen (PVH.N) raised its fourth-quarter outlook for the second time in two months, as the owner of the Calvin Klein brand said it saw strong performance across all segments in January.


Phillips-Van Heusen

The apparel wholesaler and retailer said it now expects an adjusted profit of 59 cents a share for the fourth quarter, up from the 52 cents a share to 54 cents a share it forecast in January.

The company, which distributes its products to retailers including Macy's (M.N), JCPenney (JCP.N), Wal-Mart (WMT.N) said it now estimated fourth-quarter revenue of $612 million, up from the $603 million to $608 million it guided last month.

Analysts were expecting the company, which sells clothes and accessories for men, women, and children under brands such as Van Heusen and Bass, to earn 54 cents a share, on revenue of $605.03 million.

Shares of the company had closed at $40.85 Tuesday 16 February on the New York Stock Exchange. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Anthony Kurian)

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