U.S. stock market unusual movement | PVH Corp (PVH.US) plunges more than 18% on lowered full-year earnings outlook.

According to the Securities Times app, on Thursday, PVH Corp (PVH.US) plunged more than 18%, marking its largest drop since April 2024, to $66.18. On the news front, the company's first quarter non-GAAP earnings per share announced on Wednesday night were $2.30, lower than the $2.45 in the same period last year. Analysts surveyed by FactSet had expected $2.25. Quarterly revenue as of May 4 was $1.98 billion, higher than the $1.95 billion in the same period last year, with analysts surveyed by FactSet expecting $1.93 billion.