January 18, 2019 / 12:09 PM / a month ago

Vans shoe maker VF Corp beats quarterly revenue estimates

Jan 18 (Reuters) - Apparel maker VF Corp beat Wall Street’s estimates for quarterly revenue on Friday, boosted by demand for its high-margin Vans shoes and North Face apparel.

The company reported a net income of $463.5 million, or $1.16 per share, in the third quarter ended Dec. 29, compared to a loss of $90.3 million, or 23 cents per share, a year earlier.

Net revenue rose to $3.94 billion from $3.65 billion, beating analysts’ average estimate of $3.87 billion, according to IBES data from Refinitiv. (Reporting by Uday Sampath in Bengaluru; Editing by Shounak Dasgupta)

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