Shoppers pass a coach display in Macy’s, New York.
Scott Mlyn | CNBC
Bus owner Tapestry on Thursday reported vacation-quarter profits and sales that exceeded analyst estimates, aided by rising demand for handbags in China and online.
Its shares recently rose more than 1% in premarket trading.
With the refinitive data, the company has performed as follows compared to analysts’ expectations:
- Earnings per share: $ 1.15, adjusted versus $ 1.01 expected
- Revenue: $ 1.69 billion versus $ 1.63 billion, expected
At the close of trading on Wednesday, Tapestry shares were up more than 32% in the past 12 months. The company has a market capitalization of $ 9.6 billion.
Tapestry’s full press release can be found here.
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