VF Q1 EPS $(0.15) Misses $(0.13) Estimate, Sales $2.09B Beat $2.06B Estimate
Portfolio Pulse from Benzinga Newsdesk
VF Corporation (NYSE:VFC) reported Q1 losses of $(0.15) per share, missing the analyst consensus estimate of $(0.13) by 15.38 percent. This represents a 266.67 percent decrease from the same period last year. However, the company's quarterly sales of $2.09 billion beat the analyst consensus estimate of $2.06 billion by 1.21 percent, despite being a 7.78 percent decrease from the previous year.
August 04, 2023 | 10:19 am
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NEGATIVE IMPACT
VF Corporation's Q1 earnings per share missed estimates, indicating potential financial instability. However, their sales beat estimates, showing some resilience.
The company's earnings per share (EPS) missed estimates, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price. However, the fact that sales beat estimates could mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100