RTTNews | Oct 22, 2021 10:29AM EDT

10:28 Friday, October 22, 2021 (RTTNews.com) - Colorado-based apparel manufacturer, V.F. Corporation (VFC), is trading 5% lower on Friday after the company missed Street view for both earnings and revenue in the second quarter.

VF Corp reported a net income of $464.05 million or $1.18 per share compared to $256.72 million, or $0.66 per share, in last year's second quarter. On an adjusted basis, the earnings were $1.11, up from $0.67 last year. On average, 19 analysts polled by Thomson Reuters expected the earnings to come at $1.15 per share for the quarter. Analysts typically exclude special items while considering estimates.

The company's revenue for the quarter rose 22.6% to $3.20 billion from $2.61 billion last year. Analysts forecast revenue of $3.50 billion for this period

The shares are currently trading at $70.52, down $3.55 or 4.79% since the previous close at $74.07. The stock opened at $71.27 in the morning. In the 52-week period, the shares have ranged between $65.34 and $90.79.

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