Shares of apparel manufacturer VF Corp. rose Wednesday afternoon after it reaffirmed its fourth-quarter forecast, citing a strong business model that's offsetting some broader market challenges.
For the fourth quarter, the company expects earnings per share to rise 13 percent and revenue to rise 18 percent year-over-year, implying earnings of $1.40 per share on revenue of $1.89 billion.
Analysts polled by Thomson Financial, on average, expect a profit of $1.42 per share on revenue of $1.89 billion.
VF said it plans to offer an initial 2008 outlook and review its five-year growth plan Jan. 9. The company will release fourth-quarter results Feb. 5.
Shares rose $3.44 to $73.26.