Consumer Discretionary

VF (NYSE:VFC) Swings to Fiscal Q1 Adjusted Net Loss as Net Revenue Falls

VF (NYSE:VFC) reported a fiscal Q1 adjusted net loss late Tuesday of $0.15 per diluted share, swinging from per-share earnings of $0.09 a year earlier. Analysts polled by Capital IQ expected a normalized per-share loss of $0.12. Net revenue for the June quarter was $2.09 billion, down from $2.26 billion a year earlier. Analysts surveyed by Capital IQ expected $2.07 billion. The company said it continues to expect fiscal 2024 EPS of $2.05 to $2.25. Analysts surveyed by Capital IQ expect $2.06. Revenue for the fiscal year is now expected to be modestly down to flat versus the company’s previous forecast for revenue to be flat to up slightly in constant dollars, it said. VF also said it maintained its quarterly dividend at $0.30 per share, payable Sept. 20 to shareholders of record as of Sept. 11.

VF (NYSE:VFC) Swings to Fiscal Q1 Adjusted Net Loss as Net Revenue Falls Read Post »

Uber Technologies (NYSE:UBER) Swings to Q2 Net Income, Revenue Rises; Q3 Guidance Issued

Uber Technologies (NYSE:UBER) reported Q2 net income  of $0.18 per diluted share, swinging from a loss of $1.33 a year earlier. Analysts polled by Capital IQ expected a per-share loss of $0.01. Revenue for the quarter ended June 30 was $9.23 billion, up from $8.07 billion a year earlier. Analysts surveyed by Capital IQ projected $9.34 billion. The ride-hailing company said it expects Q3 gross bookings of $34 billion to $35 billion. Adjusted earnings before interest, taxes, depreciation and amortization for the quarter are expected to range between $975 million and $1.03 billion, the company said.

Uber Technologies (NYSE:UBER) Swings to Q2 Net Income, Revenue Rises; Q3 Guidance Issued Read Post »

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