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Tapestry Earnings, Revenue miss in Q2

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Tapestry reported second quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.

The firm reported earnings per share of $1.07 on revenue of $1.8B. Analysts polled by  forecast EPS of $1.11 on revenue of $1.86B. That compared to EPS of $1.07 on revenue of $1.79B in the same period a year earlier. The company had reported EPS of $0.48 on revenue of $1.38B in the previous quarter.

Tapestry follows other major Consumer Cyclical sector earnings this month

On Wednesday, General Motors reported fourth quarter EPS of $1.43 on revenue of $38.4B, compared to forecasts of EPS of $1.24 on revenue of $36B.

Sony ADR earnings beat analyst's expectations on February 1, with third quarter EPS of $3.07 on revenue of $21.82B.  analysts expected EPS of $1.98 on revenue of $23.73B