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VF Corp
VFC reported a 20% rise in its second-quarter profit.
VF lifted its full-year adjusted earnings view to around $9.50 per share, up versus its earlier forecast of $9.45 per share.
VF's quarterly profit gained to $155.3 million, or $1.40 per share, versus $129.4 million, or $1.17 per share, in the year-ago period. Excluding other items, VF's adjusted earnings came in at $1.11 per share.
Its revenue climbed 16% to $2.14 billion. However, analysts were expecting earnings of $0.94 per share on revenue of $2.18 billion.
VF's gross margin rose to 46.1% from 45.9%.
VF shares gained 3.92% to $147.37 in pre-market trading.
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