VF Corp Announces 12% Fall In Q2 Earnings

(RTTNews) - VF Corp (VFC) revealed a profit for second quarter that lost ground from last year.

The company said its profit totaled $148.29 million, or $0.35 per share. This was down from $167.84 million, or $0.39 per share, in last year's second quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.4% to $2.44 billion. This was up from $2.43 billion last year.

VF Corp earnings at a glance:

-Earnings (Q2): $148.29 Mln. vs. $167.84 Mln. last year. -Earnings Decline (Y-o-Y): -11.6% -EPS (Q2): $0.35 vs. $0.39 last year. -EPS Decline (Y-o-Y): -10.3% -Analysts Estimate: $0.34 -Revenue (Q2): $2.44 Bln vs. $2.43 Bln last year. -Revenue Change (Y-o-Y): 0.4%