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Tapestry: Fiscal Q1 Earnings Snapshot
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NEW YORK (AP) — NEW YORK (AP) — Tapestry Inc. (TPR) on Thursday reported fiscal first-quarter profit of $360 million.

The New York-based company said it had net income of $1.76 per share. Earnings, adjusted for non-recurring costs, were $1.82 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.

The maker of high-end shoes and handbags posted revenue of $1.89 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.84 billion.

Tapestry expects full-year earnings in the range of $8.25 to $8.35 per share, with revenue in the range of $8.5 billion to $8.6 billion.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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