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Catastrophic Losses from Hail and Windstorms Increase Damage to Travelers' First-Quarter Profit, Shares Slide

Travelers Companies Inc (NYSE:TRV) announced a mixed first-quarter financial report, with earnings below analysts' expectations. Core income per share rose to $4.69 from $4.11 a year ago, below the consensus estimate of $4.90. Net income per share increased to $4.80 from $4.13 a year ago. The company's stock price fell after the release of the financial results. The New York-based company provides auto, home and commercial property casualty insurance. In the first quarter, net written premiums increased 8% to $10.18 billion, while total revenues increased to $160 million from $150 million in the same period last year.

Shares of Tommy Hilfiger and Calvin Klein parent PVH Corp. tumbled on Tuesday - here's why

Shares of PVH Corp. (NYSE:PVH) are trading lower after the company issued weak first-quarter guidance. The company reported fourth-quarter adjusted earnings of $3.72 per share, beating Wall Street estimates of $3.53. Quarterly revenue was $2.49 billion, beating the analyst consensus estimate of $2.42 billion. Sales were flat year-over-year, exceeding expectations of a decline of 3% to 4%. For the quarter, Tommy Hilfiger revenue grew 1% and Calvin Klein revenue grew 4%.
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