VF Corp Stock Down As Q4 Loss Misses View, Revenue Declines

(RTTNews) - Stock of V.F. Corp. (VFC) is falling around 9 percent during Wednesday's trading following the announcement of fourth-quarter results, reporting a net loss of $150.788 million, or $0.39 per share, compared to a net loss of $418.308 million, or $1.08 per share, last year. Meanwhile, analysts expected loss of $0.14 per share for the period.

Currently, VFC is trading at $12.79, down 9.81 percent or $1.41, over the previous close of $14.43, on an average volume of around 10.4 million shares. The stock has traded between $9.41 and $29.02 in the past one year.

Additionally, the company's revenue for the period fell 4.6 percent to $2.143 billion from $2.247 billion last year.