VF Corporation Shares Are Up Today: What You Need To Know

VF Corporation (NYSE:VFC) shares are trading higher Tuesday after the company reported better-than-expected second-quarter financial results. Multiple analysts also raised price targets on Tuesday. Here’s what you need to know.

What To Know: VF Corp reported revenue of $2.8 billion, surpassing the consensus estimate of $2.7 billion. The company reported earnings of 60 cents per share, which came in above analyst estimates of 37 cents per share.

Revenue fell 6% year-over-year. The North Face revenues were down 3%, while Vans revenue declined 11%. Americas revenue dropped 10% and international revenue declined 2%. Inventory levels decreased 13% compared to the prior year’s quarter, while net debt was ...