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Shares Of North Face, Vans Owner VF Corp Are Trading Lower Thursday: Here's Why
V.F. Corporation (NYSE:VFC) shares are trading down Thursday after the company reported worse-than-expected financial results for the fourth quarter.
What Happened: V.F. Corp released fiscal fourth-quarter earnings results on Wednesday after the market close. The North Face and Vans owner reported a loss of 32 cents per share, missing analyst estimates for earnings of 1 cent.
The company also reported $2.4 billion in sales for the quarter, missing analyst estimates of $2.41 billion, according ...