VF Company Q2 Reports Miss Analyst Estimates, Shares Fall in After-Hours Trading
Investing.com – VF Company (NYSE: ) released its Q2 earnings report on Monday, revealing that its earnings per share (EPS) stood at $0.63 on revenue of $3 billion. Although the income was higher than expected, it fell short of the analyst consensus compiled by Investing.com, which had anticipated EPS of $0.65 on revenue of $2.99 billion.
As a result, VF shares experienced a decline of 4.44%, dropping to $16.36 in after-hours trading. The disappointing earnings report prompted investor concern.
Other Companies in the Consumer Products Sector Also Report Earnings
The New York Stock Exchange Markets is witnessing the reporting of earnings by various companies in the cyclical consumer products category this month. Among them, Amazon.com recently announced its Q3 earnings at $0.94 per share, surpassing the estimated $0.58 per share, and generating a revenue of $143.1 billion compared to the estimated $141.53 billion.
Similarly, Tesla’s Q3 performance failed to meet analysts’ expectations. The company reported earnings of $0.66 per share on revenue of $23.4 billion, surpassing the estimated figures for 2020. However, Investing.com projects a higher EPS of $0.73 based on revenue of $24.32 billion.
To keep track of the latest updates on company earnings, refer to the Investing.com Earnings Calendar.
Investing.com – VF Company (NYSE: ) Q2 reports missing analyst estimates. with income higher than expected According to information released on Monday
VF’s earnings per share (EPS) were $0.63 on revenue of $3B.The analyst consensus compiled by Investing.com Previously, expectations for the upcoming statement were expected to be $0.65 per share based on revenue of $2.99B.
VF shares fell 4.44% to $16.36 in after-hours trading. After the news about the earnings report
Apart from VF, there are other companies. In the cyclical consumer products category the New York Stock Exchange Markets report earnings this month
Amazon.com previously reported Q3 earnings of $0.94 per share on revenue of $143.1B, versus estimates of $0.58 on revenue of $141.53B.
Meanwhile, Tesla’s latest performance fell short of analysts’ forecasts. Q3 earnings were $0.66 per share on revenue of $23.4B, beating analyst estimates for 2020. Investing.com EPS is expected to be around $0.73 based on revenue of $24.32B.
Follow the latest developments in the company’s profits through the Investing.com Earnings Calendar
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