BUZZ-Timberland parent VF slumps on surprise forecast of Q3 sales dropUpdates
** VF Corp shares VFC.N down as much as 10.8% at $14.81 in morning trading
** Apparel retailer's stock set for worst day since May 21, if losses hold
** Company forecasts surprise decline in Q3 revenue, overshadowing better-than-expected results for Q2
** VFC expects current quarter revenue, excluding Dickies, to fall 1%-3% vs estimates of a 1.54% rise, as per LSEG data
** Posts Q2 revenue of $2.80 bln vs est of $2.74 bln and adj. EPS of $0.52 vs est of $0.43
** Up to last close, stock down ~23% YTD
(Reporting by Prerna Bedi and Koyena Das in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))
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