V.F. Earnings: Here’s Why Shares are Down Now

V.F. Corporation (NYSE:VFC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.18%.

V.F. Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $3.07 in the quarter versus EPS of $2.32 in the year-earlier quarter.

Revenue: Rose 4.22% to $3.03 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: V.F. Corporation reported adjusted EPS income of $3.07 per share. By that measure, the company beat the mean analyst estimate of $3.03. It missed the average revenue estimate of $3.07 billion.

Quoting Management: “2012 was another year of record revenues and profits for VF, with solid results across nearly every coalition, channel and geography,” said Eric Wiseman, VF Chairman and Chief Executive Officer. “Our performance is confirmation of our greatest competitive advantage – the diversity of our portfolio. It’s this strength, along with our focus on driving operational excellence into all areas of our business, that enables our brands to deliver the industry’s most innovative and meaningful products while deepening relationships with our customers and consumers, and consistently returning value to our shareholders.”

Key Stats (on next page)…

Revenue decreased 3.66% from $3.15 billion in the previous quarter. EPS decreased 12.78% from $3.52 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $2.32 and has not changed. For the current year, the average estimate is a profit of $9.60, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)