Check out the companies making headlines in premarket trading. PVH Corp — The fashion stock soared about 16% on the back of stronger-than-expected earnings for the fourth quarter. The Calvin Klein and Tommy Hilfiger parent earned $3.27 per share, excluding items, on $2.37 billion in revenue, beating the consensus forecasts of analysts polled by LSEG for $3.21 a share and revenue at $2.33 billion. Johnson & Johnson — Shares pulled back 4% after a U.S. bankruptcy judge denied the health-care product maker’s $10 billion settlement proposal tied to thousands of lawsuits alleging its baby powder and other talc products caused ovarian cancer. The judge said Johnson & Johnson’s plan did not have enough support from the women who allegedly got cancer from its products. Airlines — Several air carrier stocks slid after downgrades by Jefferies. American and Delta both fell nearly 2% after moving to hold ratings, while Southwest lost more than 3% following its downgrade to underperform. Xpeng — U.S.-listed shares of the Chinese electric vehicle company rallied 3%. Xpeng delivered 33,205 vehicles in March, marking an increase of more than 260% from the same month a year ag …
