Investing.com - Tapestry reported fourth quarter earnings that beat analyst's expectations on Tuesday and reported revenue that topped forecasts.
The firm reported earnings per share of $0.6 on revenue of $1.48B. Analysts polled by Investing.com EPS of $0.57 on revenue of $1.47B.
That compared to EPS of $0.5 on revenue of $995.2M in the same period a year earlier.
The firm had reported EPS of $0.54 on revenue of $1.32B in the previous quarter.
Tapestry shares lost 1.02% to trade at $47.44 in intra-day trade following the report.
For the year, Tapestry shares are up 6.92%, outperforming the S&P 500 which is up 5.15% year to date.
Tapestry follows other major earnings reports from the Consumer Cyclical sector this month
Toyota Motor ADR reported first quarter earnings that beat analyst's expectations on Friday, August 3, 2018. The company reported revenue that topped forecasts. The firm reported EPS of $4.04 on revenue of $66.23B compared to forecasts of EPS of $3.94 on revenue of $64.87B
Louis Vuitton ADR reported second quarter earnings that matched analyst's expectations on Tuesday, July 24, 2018. The company reported revenue that topped forecasts. The firm reported EPS of $1.18 on revenue of $12.72B compared to forecasts of EPS of $1.18 on revenue of $12.71B