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Tapestry's stock soars after earnings beat, $1 billion stock repurchase program
Shares of Tapestry Inc. TPR, soared 17% in premarket trade Thursday after the parent of Coach and Kate Spade brands reported fiscal third-quarter earnings that beat expectations and authorized a $1 billion stock repurchase program. Net income for the quarter to March 30 fell to $117.4 million, or 40 cents a share, from $140.3 million, or 48 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS fell to 42 cents from 54 cents but was above the FactSet consensus of 41 cents. Sales rose 1% to $1.33 billion, just shy of the FactSet consensus of $1.34 billion.
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https://www.marketwatch.com/story/tapest...sSecondary
aktuell +5.25 auf 36
![[Bild: TPRc1dl0753.png]](https://finviz.com/publish/050919/TPRc1dl0753.png)
Shares of Tapestry Inc. TPR, soared 17% in premarket trade Thursday after the parent of Coach and Kate Spade brands reported fiscal third-quarter earnings that beat expectations and authorized a $1 billion stock repurchase program. Net income for the quarter to March 30 fell to $117.4 million, or 40 cents a share, from $140.3 million, or 48 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS fell to 42 cents from 54 cents but was above the FactSet consensus of 41 cents. Sales rose 1% to $1.33 billion, just shy of the FactSet consensus of $1.34 billion.
...
https://www.marketwatch.com/story/tapest...sSecondary
aktuell +5.25 auf 36
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