PVH Shares Tumble Over 20% After Reiterating Full-Year Guidance
Updated
Updated · CNBC · Jun 3
PVH Shares Tumble Over 20% After Reiterating Full-Year Guidance
2 articles · Updated · CNBC · Jun 3
Summary
PVH sank more than 20% after hours even after posting a first-quarter earnings beat, making it the sharpest move among late-trading stocks.
Full-year guidance stayed unchanged and revenue was roughly in line with expectations, a combination that appeared to disappoint investors looking for a stronger outlook.
The selloff came in a broader weak after-hours session: CrowdStrike fell 9%, Five Below nearly 9%, Broadcom 5% and Petco more than 4%, while C3.ai rose over 4%.
Broadcom's $22.19 billion quarterly revenue missed the $22.27 billion LSEG estimate, underscoring how closely investors are punishing even modest misses or cautious forecasts.