vf corp. reported a bigger than expected drop in revenue even as the apparel company saw sales strength in its international business and outdoor and action sports division which carries the north face brand. the company's earnings were in line with estimates. vf corp. shares fell more than 5.5% to $54.63. >>> and a rise in sales helped royal caribbean top earnings expectations. the cruise operator raised its outlook for the year and launched a $500 million share buyback program. the company said its business is doing well globally. >> the u.s. market is doing well. the canadian market is doing well. the european market is going nicely. throughout asia, we're seeing australia and all of asia going very well. there really is -- in fact i can't remember a time when so many markets all seemed to be lining up in a positive way. >> well, shares popped, 6% to $106.60. >>> colgate beat estimates and saw profits rise but the company's revenue didn't perform as well. the consumer products company repor

what made vf corp. now unattractive to you? ediating brick and mortar, but also it's brands. vf has great brands, but we saw better the opportunities in the market. >> we started off talking about mastercard which is down. visa is also down. why do you see that as a secular growth story? >> think about the different ways you pay for things. you're using your cards, whether it's your apple pay or whether it's any other way that you're using your credit card or debit cards much more in every part of your life. right now 84 % of all transactions around the world are still done with cash and check. there's still a huge conversion opportunity for both those companies which is why it's a great secular growth story. >> you're concentrated. you're focussed on growth, but the market can have an impact on your portfolio. we have a fairly high multiple on the broader market. are you concerned about the broader market? >> i am. when you're trading at 17 times hoped for earnings, if you have any kind of a slip, it could be negative. looking