VF Corp. (VFC) stock was down nearly 3% to $42 in pre-market trading on Friday after reporting 2016 fourth-quarter revenue below analysts' estimates. The owner of brands like The North Face, Timberland and Nautica reported revenue of $3.32 billion, missing the FactSet consensus of $3.44 billion. Adjusted earnings of 97 cents a share were in line with analysts' estimates.
For the full year, VF Corp. expects earnings to be down low single-digits from adjusted earnings of $3.11 per share in 2016. Revenue is expected to increase at a low single-digit percentage.