Investing.com - VF (NYSE:VFC) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.3 on revenue of $2.27B. Analysts polled by Investing.com anticipated EPS of $0.29 on revenue of $2.24B. That compared to EPS of $0.39 on revenue of $2.79B in the same period a year earlier. The company had reported EPS of $0.56 on revenue of $3.21B in the previous quarter.
For the year, VF shares are up 23.73%, outperforming the S&P 500 which is up 21.34% year to date.
VF follows other major Consumer Cyclical sector earnings this month
On Thursday, June 27, 2019, Nike reported fourth quarter EPS of $0.62 on revenue of $10.18B, compared to forecasts of EPS of $0.66 on revenue of $10.16B.
PACCAR earnings missed analyst's expectations on Tuesday, with second quarter EPS of $1.78 on revenue of $6.27B. Investing.com analysts expected EPS of $1.81 on revenue of $6.25B
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