DENVER (AP) — DENVER (AP) — V.F. Corp. (VFC) on Wednesday reported a loss of $418.3 million in its fiscal fourth quarter.
The Denver-based company said it had a loss of $1.08 per share. Losses, adjusted for asset impairment costs and non-recurring costs, were 32 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The maker of brands such as Vans, North Face and Timberland posted revenue of $2.37 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $2.4 billion.
For the year, the company reported a loss of $968.9 million, or $2.49 per share. Revenue was reported as $10.45 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VFC at https://www.zacks.com/ap/VFC
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