Investing.com - Tapestry reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tapestry announced earnings per share of $0.75 on revenue of $1.62B. Analysts polled by Investing.com anticipated EPS of $0.7735 on revenue of $1.64B.
Tapestry shares are down 8.6% from the beginning of the year and are trading at $37.11 , down-from-52-week-high.They are outperforming the S&P 500 which is down 10.33% from the start of the year.
Tapestry follows other major Consumer Discretionary sector earnings this month
Tapestry's report follows an earnings missed by Amazon.com on Thursday, July 28, 2022, who reported EPS of $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Tesla had beat expectations on Wednesday, July 20, 2022 with second quarter EPS of $2.27 on revenue of $16.93B, compared to forecast for EPS of $1.81 on revenue of $16.54B.
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