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V.F.: Fiscal 4Q Earnings Snapshot

GREENSBORO, N.C. (AP) _ V.F. Corp. (VFC) on Wednesday reported fiscal fourth-quarter profit of $128.8 million.

On a per-share basis, the Greensboro, North Carolina-based company said it had net income of 32 cents. Earnings, adjusted for non-recurring costs and pretax expenses, were 60 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The maker of brands such as Vans, North Face and Timberland posted revenue of $3.21 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $3.2 billion.

For the year, the company reported profit of $1.26 billion, or $3.15 per share. Revenue was reported as $13.85 billion.

V.F. expects full-year earnings in the range of $3.30 to $3.35 per share, with revenue in the range of $11.7 billion to $11.8 billion.

V.F. shares have climbed 29% since the beginning of the year, while the Standard & Poor's 500 index has risen 14%. The stock has risen 14% in the last 12 months.


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