UPDATE 1-Calvin Klein owner PVH cuts full-year profit, revenue forecast

PVH Corp cut its full-year profit and revenue forecast on Wednesday, as the Calvin Klein owner sees pressure from the escalating trade tensions between the U.S. and China and the ongoing protests in Hong Kong. The company now expects full-year adjusted profit between $9.30 and $9.40 per share compared to prior estimate of $10.20 to $10.30 per share. PVH said the U.S. tariffs on Chinese goods would hit its earnings by about 20 cents in 2019.

source https://finance.yahoo.com/news/1-calvin-klein-owner-pvh-205324705.html?.tsrc=rss

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