Advertisement
UK markets closed
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • CRUDE OIL

    83.07
    +1.72 (+2.11%)
     
  • GOLD FUTURES

    2,241.70
    +29.00 (+1.31%)
     
  • DOW

    39,827.64
    +67.56 (+0.17%)
     
  • Bitcoin GBP

    56,023.77
    +1,470.39 (+2.70%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    16,400.67
    +1.15 (+0.01%)
     
  • UK FTSE All Share

    4,338.05
    +12.12 (+0.28%)
     

V.F.: Fiscal 2Q Earnings Snapshot

V.F.: Fiscal 2Q Earnings Snapshot

GREENSBORO, N.C. (AP) _ V.F. Corp. (VFC) on Friday reported fiscal second-quarter net income of $507.1 million.

On a per-share basis, the Greensboro, North Carolina-based company said it had net income of $1.26. Earnings, adjusted for non-recurring costs, were $1.43 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The maker of brands such as Vans, North Face and Timberland posted revenue of $3.91 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $3.86 billion.

ADVERTISEMENT

V.F. expects full-year earnings to be $3.65 per share, with revenue expected to be $13.7 billion.

V.F. shares have risen 18 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 4 percent. The stock has risen 34 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VFC at https://www.zacks.com/ap/VFC