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V.F. Corp Q4 Profit Rises on Higher Sales, Beating View (VFC)

Apparel maker V.F. Corporation ( VFC ) on Tuesday said its fourth quarter profit rose from last year on higher sales, beating anlayst estimates.

The Greensboro, NC-based company reported fourth quarter adjusted net income of $196.1 million, or $1.78 per share, compared with $181.3 million, or $1.62 per share, in the year-ago period.

Revenue jumped 11% from last year to $2.13 billion.

On average, Wall Street analysts expected a much lower profit of $1.65 per share, on smaller revenue of $2.03 billion.

V.F. Corp shares rose $2.20, or +2.5%, in premarket trading Tuesday.

The Bottom Line

We have been recommending shares of V.F. Corp ( VFC ) since Dec.17, 2010, when the stock was trading at $88.16. Shares of VFC have a 2.81% dividend yield, based on Friday's closing stock price of $89.80.

V.F. Corporation ( VFC ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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