VF Corp . posted second-quarter results that beat Wall Street’s expectations, but shares still fell in pre-market trading on Wednesday.
For the second quarter ended Sept. 26, net income jumped 50.3 percent to $285.3 million, or 71 cents a diluted share, from $189.8 million, or 48 cents, in the same year-ago period. Revenues were down 3.8 percent to $2.7 billion from $2.80 billion.
Wall Street was expecting revenues of $2.67 billion and adjusted diluted earnings per share (EPS) of 54 cents. VF bested the EPS estimate by 17 cents.
By brand, revenue for The North Face rose 4 percent to $1.21 billion, and Timberland also grew 4 percent to $525.9 million.…