Market Overview

VF Reports Q1 Earnings Beat, Raises Guidance

Share:

Footwear company VF Corporation (NYSE: VFC) reported first-quarter earnings of 3 cents per share, which met the analyst consensus estimate. This is a 55.22% decrease over earnings of 67 cents per share from the same period last year.

The company reported quarterly sales of $2.271 billion, which beat the analyst consensus estimate of $2.24 billion by 1.38%. This is a 25.42% decrease over sales of $3.045 billion the same period last year.

The company raised its 2020 adjusted EPS guidance from $3.30-$3.35 to $3.32-$3.37 versus a $3.37 estimate.

VF Corporation shares were trading up 3.09% at $91 in Wednesday’s pre-market session. The stock has a 52-week high of $97.00 and a 52-week low of $67.18.

Related Links:

AT&T Reports Q2 Earnings Beat

UPS Trades Higher On Q2 Earnings Beat

Posted-In: Earnings News Guidance

 

Related Articles (VFC)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Beyond Meat Partners With Dunkin' For Beyond Sausage In Manhattan

General Dynamics Reports Q2 Earnings Beat