VF Corp, (VFC.N), parent company of Vans, Reef, and The North Face, raised its second quarter earnings outlook on Monday, June 30, sending shares up 4 percent after hours.

The company announced earnings would rise between 10 and 12 percent over its previous projection of 80 cents per share and should be in the 88-90 cents per share range “due to stronger earnings from operations and a net favorable benefit from the resolution of various tax matters.”

Shares rose to $74.25 from a close of $71.18 on the New York Stock Exchange. VF Corp. will release its Q2 report on July 15.

Tags: reef, vans, vf corp

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