DENVER — V.F. Corp. (VFC) on Friday reported fiscal second-quarter profit of $256.7 million.
The Denver-based company said it had net income of 66 cents per share. Earnings, adjusted for one-time gains and costs, were 67 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The maker of brands such as Vans, North Face and Timberland posted revenue of $2.61 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $2.5 billion.
V.F. expects full-year earnings to be $1.20 per share, with revenue expected to be $9 billion.
V.F. shares have decreased 22% since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 8%. The stock has dropped 15% 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