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-0.0010114632501685 -0.00202292650033711 -0.00159474039109912 0.000337154416722912 0.00134861766689153 -0.00623735670937285 -0.00993594066082262 -0.00505731625084284
Stock impact report

North Face owner VF Corp. falls 10% after guidance cut, CEO steps down [MSNBC.com]

V.F. Corporation (VFC) 
Last v.f. corporation earnings: 1/23 06:55 am Check Earnings Report
US:NYSE Investor Relations: ir.vfc.com
Company Research Source: MSNBC.com
VF CorporationCEO Steve Rendle is stepping down from his post after almost six years, effective immediately, the company said in apress releaserelated investing newsThis retailer has a far-reaching view of the industry. Its profit warning doesn't bode well for the holiday seasonRobert Hum4 hours agoShares of the company fell 10% following the update. Credit Suisse on Monday downgraded the stock to a "neutral" rating in light of what it called an "abrupt" CEO transition and the reduced forecast.VF Corp. said it now expects full-year revenue to increase by 3% or 4% over the prior year, down from previously projected growth of 5% or 6%. It estimates its full-year earnings to come in at about $2.00 to $2.20 per share, down from previous guidance of $2.40 to $2.50, announced a few weeks ago.VF Corp. reported full-year earnings of $3.18 per share last year.This is the second time in less than two months that VF Corp. hasslashed its guidanceThose challenges may take a toll on short-term prof Show less Read more
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