SAN FRANCISCO (Thomson Financial) - Phillips-Van Heusen Corp. late Monday
reported fourth-quarter net earnings of $30.3 million, or 55 cents a share,
above the 53-cent mean estimate of analysts polled by Thomson Financial.
Net income in the year-earlier quarter was $26.8 million, or 47 cents a
share.
Revenue for the quarter ended Feb. 3 rose to $507 million from $487.6
million a year earlier, versus the mean Street view of $587.5 million.
Excluding the impact of the retail calendar shift and the extra week of
revenue, revenue growth in the quarter would have been 20%, the New York-based
apparel and accessories company said.
Phillips-Van Heusen expects first-quarter earnings per share of 86 cents to
88 cents on revenue of around $615 million to $625 million.
The company sees a full-year per-share profit of $3.30 to $3.40 on revenue
of about $2.6 billion.
The mean analyst estimate is for first-quarter earnings 89 cents on revenue
of $620.7 million and fiscal 2008 earnings of $3.47 on revenue of $2.43 billion.
The stock closed the regular session up $2.22 at $37.35 but 3% to $36.49 in
after-hours trading.
Brigid Gaffikin
bg/gm
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