VF (NYSE:VFC) reported its Q2 earnings results on Wednesday, October 26, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
VF reported in-line EPS of $0.73 versus an estimate of $0.73.
Revenue was down $117.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.04 which was followed by a 8.01% drop in the share price the next day.
Here's a look at VF's past performance:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.13 | 0.46 | 1.21 | 1.15 |
| EPS Actual | 0.09 | 0.45 | 1.35 | 1.11 |
| Revenue Estimate | 2.25B | 2.84B | 3.61B | 3.50B |
| Revenue Actual | 2.26B | 2.82B | 3.62B | 3.20B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
VF management provided guidance for Q2 2023, expecting earnings between $0.7 and $0.75 per share.
To track all earnings releases for VF visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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