Investing.com - VF (NYSE:VFC) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
VF announced earnings per share of $0.67 on revenue of $2.61B. Analysts polled by Investing.com anticipated EPS of $0.46 on revenue of $2.48B.
VF shares are down 21.99% from the beginning of the year and are trading at $77.74 , down-from-52-week-high.They are under-performing the S&P 500 which is up 7.82% from the start of the year.
VF follows other major Consumer Cyclical sector earnings this month
VF's report follows an earnings beat by Nike on Tuesday, September 22, 2020, who reported EPS of $0.95 on revenue of $10.59B, compared to forecasts EPS of $0.47 on revenue of $9.13B.
Ferrari NV had missed expectations on Thursday, September 24, 2020 with third quarter EPS of $0.05 on revenue of $670.24M, compared to forecast for EPS of $0.06 on revenue of $670.08M.
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