Investing.com - Canada Goose reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of C$0.57 on revenue of C$294M. Analysts polled by Investing.com forecast EPS of C$0.44 on revenue of C$268.56M. That compared to EPS of C$0.46 on revenue of C$230.3M (NYSE:MMM) in the same period a year earlier. The company had reported EPS of C$-0.21 on revenue of C$71.1M in the previous quarter.
Canada Goose shares lost 9.77% to trade at C$46.72 in intra-day trade following the report.
For the year, Canada Goose shares are down 21.72%, under-performing the S&P/TSX which is up 19.65% year to date.
Canada Goose follows other major Consumer Cyclical sector earnings this month
On Wednesday, November 6, 2019, Linamar reported third quarter EPS of C$1.47 on revenue of C$1.74B, compared to forecasts of EPS of C$1.44 on revenue of C$1.72B.
Martinrea earnings beat analyst's expectations on Tuesday, with third quarter EPS of C$0.53 on revenue of C$974.38M. Investing.com analysts expected EPS of C$0.52 on revenue of C$884.87M
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