VF: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
VF Corporation (NYSE:VFC) reported Q3 earnings with a significant miss, achieving an EPS of $0.57 against an estimate of $0.8, marking a 28.75% shortfall. Revenue also saw a decline, dropping by $571 million from the same period last year. This follows a pattern from the last quarter where VF missed the EPS estimate, leading to a 13.96% decrease in share price the following day.
February 06, 2024 | 9:15 pm
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VF Corporation reported a significant miss in Q3 earnings with a 28.75% lower EPS than estimated and a notable revenue decline from the previous year.
Given VF Corporation's history of stock price decline following an earnings miss, as evidenced by the 13.96% drop after last quarter's miss, it's likely that this quarter's significant earnings and revenue shortfall will lead to a similar short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100