VF Falls Short of Earnings Estimates but Exits the Year in a ‘Position of Strength’
- Date: 21-May-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
VF Falls Short of Earnings Estimates but Exits the Year in a ‘Position of Strength’
VF Corp. issued mixed fourth-quarter financial results, with earnings falling short of estimates and revenues barely beating consensus bets.
For the three months ended April 3, the retail group posted adjusted earnings per share that increased 169% to 27 cents — falling short of Wall Street’s expectations of earnings of 29 cents per share. Revenues rose 23% to $2.6 billion, compared with market watchers’ predictions of $2.5 billion.
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