Tapestry Earnings, Revenue miss in Q2
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