V.F. Corp. (VFC) reported third quarter adjusted EPS of $3.52 Monday morning, compared to $2.87 last year. The consensus estimate was for EPS of $3.49. Revenues grew 14 percent to $3.15 billion from $2.75 billion. The consensus estimate was for revenues of $3.17 billion. Full year adjusted EPS is expected to be around $9.60, up from prior guidance of around $9.50. The consensus estimate is for EPS of $9.54.
V.F. Corp. gapped open sharply lower Monday and is now down 12.18 at $154.59 in early trade. The stock has dropped to a 5-week low and has fallen below its 50-day moving average.
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