Tapestry beats Wall Street estimates for both Q1 profit and revenue
TPR Tapestry Inc
$135.62 -0.33%
View chart & analysis → - 1Tapestry reported Q1 fiscal year profit of $360 million.
- 2Tapestry's adjusted earnings per share for Q1 fiscal year stood at $1.82, exceeding the $1.56 estimate from 6 analysts surveyed by Zacks Investment Research.
- 3Tapestry's revenue for the period reached $1.89 billion, surpassing market expectations.
So what's the key point?
Tapestry's earnings and revenue for the first quarter were higher than what experts predicted. This means the company's performance was better than market expectations.
Source Associated Press +2 · View original ↗
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