Advertisement
UK markets open in 1 hour 6 minutes

  • NIKKEI 225

    37,148.01
    -931.69 (-2.45%)
     

  • HANG SENG

    16,156.11
    -229.76 (-1.40%)
     

  • CRUDE OIL

    84.33
    +1.60 (+1.93%)
     

  • GOLD FUTURES

    2,396.40
    -1.60 (-0.07%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • Bitcoin GBP

    50,099.72
    +642.97 (+1.30%)
     

  • CMC Crypto 200

    1,278.10
    +392.56 (+42.72%)
     

  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     

  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     
Money:

Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

Tapestry: Fiscal 2Q Earnings Snapshot

Tapestry: Fiscal 2Q Earnings Snapshot

Associated Press

NEW YORK (AP) -- Tapestry Inc. (TPR) on Thursday reported fiscal second-quarter earnings of $254.8 million.

The New York-based company said it had profit of 88 cents per share. Earnings, adjusted for pretax expenses and costs related to mergers and acquisitions, were $1.07 per share.

The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The maker of high-end shoes and handbags posted revenue of $1.8 billion in the period, which also fell short of Street forecasts. Nine analysts surveyed by Zacks expected $1.86 billion.

ADVERTISEMENT

Tapestry expects full-year earnings in the range of $2.55 to $2.60 per share.

Tapestry shares have risen 16 percent since the beginning of the year. The stock has declined 20 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TPR at https://www.zacks.com/ap/TPR