Stock Trading - (NYSE:VFC) share down 7% On Poor Outlook

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V.F. Corporation (NYSE:VFC) are trading lower after reported third-quarter results including an EPS of $1.94, below the analyst estimate of $1.95 and down from $2.10 last year. The third-quarter EPS was impacted by a $0.17 from higher pension expense and higher currency translation, $0.11 and $0.06 respectively. Revenue for the quarter fell 5% to $2.09 billion, which compares to the market consensus of $2.10 billion.

VF anticipates that 2009 revenues will decline 6 percent from the year-ago quarter. The company estimates a 2009 EPS between $4.85 and $5.00, down from the 2008 EPS of $5.42.

Currently LO is trading weak by 7% at $73.14 in opening trade.

V.F.Corporation (VF) is enaged in branded lifestyle apparel and related products. The Company owns a portfolio of brands in the jeanswear, outerwear, packs, footwear, sportswear and occupational apparel categories. These products are marketed to consumers shopping in specialty stores, upscale and traditional department stores, national chains and mass merchants.

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