VF Corp. (VFC) Wednesday reported 69 percent fall in first quarter net profit to $49.22 million from $160.36 million in the previous year. On a per share basis, earnings plunged 70 percent to $0.12 from $0.41 in the prior year. On an adjusted basis, earnings were $0.30 per share. The company recorded loss from discontinued operations of $48.03 million, compared to profit of $98.99 million in the prior year period.
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