UPDATE: VF Corp Posts Rise In Q3 Profit, Lifts FY12 Profit Forecast
VF Corp (NYSE: VFC) reported a rise in its third-quarter profit.
VF's quarterly profit surged to $381.3 million, or $3.42 per share, versus $300.7 million, or $2.69 per share, in the year-ago period. On an adjusted basis, VF earned $3.52 per share.
Its revenue rose to $3.12 billion from $2.73 billion. However, analysts were expecting earnings of $3.49 per share on sales of $3.16 billion.
VF lifted its full-year adjusted profit view by $0.10 per share to $9.60 per share. However, analysts were expecting profit of $9.55 per share for the year.
VF shares closed at $166.77 on Friday.
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