VF Corp Tops Estimates And Raises FY2012 Guidance (VFC)

4-27-12-VF Corp (NYSE:VFC) reported Q1 EPS of $1.94, vs. estimates of $1.88.Revenues in the quarter came in at $2.56 billion, vs. estimates of $2.45 billion.The company reported Q1 gross margins of 45.7%, vs. estimates of 46.3%.VF Corp. raised its FY 2012 EPS forecast to $9.45 from $9.30 given on February 16th, vs. estimates of $9.42. The company still expects Timberland to account for $1.10 adjusted EPS in FY 2012.SmarTrend is bullish on shares of VF Corp and our subscribers were alerted to buy on January 06, 2012 at $134.43. The stock has risen 14.6% since the alert was issued.