DENVER (AP) — DENVER (AP) — V.F. Corp. (VFC) on Tuesday reported a loss of $258.9 million in its fiscal first quarter.
On a per-share basis, the Denver-based company said it had a loss of 67 cents. Losses, adjusted for asset impairment costs and non-recurring costs, were 33 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The maker of brands such as Vans, North Face and Timberland posted revenue of $1.91 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.84 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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