VF Corp Jumps After Earnings Beat as Turnaround Takes Hold

VF Corp. shares soared after the apparel and shoe company reported fiscal first-quarter earnings that beat Wall Street expectations, signalling that turnaround efforts are beginning to show results.

The Denver-based company reported revenue of $1.8 billion, better than the $1.7 billion forecast by a Bloomberg survey of analysts. An adjusted loss of 24 cents was narrower than expectations.

Its shares rose 22 percent at 9:35 a.m. in New York on Wednesday. The stock had fallen 42 percent for the…