Phillips-Van Heusen Corporation (NYSE:PVH) reported 2010 fourth quarter and full year results. Phillips-Van Heusen’s Fourth Quarter of 2010 Results include: Earnings per share was $0.93 on a non-GAAP basis, which exceeded the Company’s guidance and the consensus estimate and represents an increase of 52% compared to the prior year’s fourth quarter non-GAAP earnings per share of $0.61; GAAP earnings per share was $0.72, which exceeded the Company’s guidance and represents a 41% increase compared to the prior year’s fourth quarter GAAP earnings per share of $0.51; Revenue was $1,398.1 million as compared to the prior year’s fourth quarter revenue of $614.6 million. The revenue increase of $783.5 million is attributable to (i) $704.7 million of revenue generated by the Company’s Tommy Hilfiger business; and (ii) a combined increase of $78.9 million, or 13%, in the revenue of the Company’s Calvin Klein and Heritage Brands businesses; and the effective tax rate was 26.0% on a non-GAAP basis and 2.8% on a GAAP basis.

To read more visit: http://pennytobuck.com/?p=13616

********************

Orofino Gold Corp. (ORFG) recently reported the appointment of Mr. Salvador Rivero to the company’s Board of Directors. Mr. Rivero brings to Orofino Gold a wealth of knowledge in the areas of business, corporate finance, and mining operations. After graduating from law school in Mexico, Mr. Rivero spent the next 25 years developing a thorough understanding of the processes necessary to successfully discover, acquire, and develop, mineral concessions with the potential of containing valuable mineral deposits. Considered by Orofino as an acquisitions specialist, Mr. Rivero has been involved in the development of various turn-key projects in mining, energy, fertilizer, oil and gas, and shipping sectors. Mr. Rivero founded and directed Constructora y Perforadora Marina, S.A. de C.V., and Kaiser International, S.A. de C.V., Ultramar Bancorp Inc., Ultramar Capital Plc. and First Mercantile Bank Ltd. From 1998-2000, Mr. Rivero was responsible for acquiring, developing, and putting into production a silver mine in Sinaloa for Real de Panuco, S.A. de C.V. He was also a member of the Board of Directors of the Canadian mining company Golden Temple Mining and the Mexican mining company Minas Kaiser, S.A. de C.V. Until recently, Mr. Rivero acted as the President and served as a Director of Oroco Resource Corp, a mining corporation trading on the TXS-V. During that time, Mr. Rivero was responsible for the successful acquisition of Oroco’s mining properties in Mexico.

To read more visit: http://pennytobuck.com/?p=13616