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PVH falls 6.3% AH after preannouncing Q4 earnings and issuing 2012 guidance. While PVH expects...

PVH falls 6.3% AH after preannouncing Q4 earnings and issuing 2012 guidance. While PVH expects Q4 EPS of $1.08-$1.10 (above a $1.07 consensus), thanks to the strong performance of its Calvin Klein and Tommy Hilfiger brands, its 2012 EPS guidance of $5.90-$6 is only in-line with a $5.97 consensus. A weak euro, rising pension costs, and gross margin pressure are expected to impact 2012 results.

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