VF’s Q1 Beats on EPS, Revenues

Shares of VF Corp. rose 4.5 percent in premarket trading after the company posted first-quarter results that easily beat Wall Street’s estimates for earnings per share and revenues, plus the firm also raised guidance for fiscal-year 2019.

For the quarter ended June 30, net income jumped 45.9 percent to $160.4 million, or 40 cents a diluted share, versus $109.9 million, or 27 cents, a year ago. Adjusted EPS was 43 cents, including contribution of 4 cents from acquisitions.