By  on October 23, 2017

Shares of VF Corp. rose 3.2 percent in pre-market trading after the company posted third-quarter results that bested Wall Street’s expectations and raised its full-year outlook.

VF said net income fell 22.5 percent to $386.1 million, or 97 cents a diluted share, from $498.5 million, or $1.19, a year ago. On an adjusted basis, excluding a noncash goodwill impairment charge, earnings per share from continuing operations were up 6 percent to $1.23. The noncash impairment charge is related to the Nautica brand in the amount of $105 million and $5 million of transaction and deal related expenses connected with its acquisition of Williamson-Dickie. The third quarter ended on Sept. 30.

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