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Tapestry: Fiscal Q3 Earnings Snapshot
By AP News - May 11, 2023, 06:54 AM ET
Last Updated - Jun 21, 2023, 08:42 PM EDT
NEW YORK (AP) — NEW YORK (AP) — Tapestry Inc. (TPR) on Thursday reported fiscal third-quarter profit of $186.7 million.
On a per-share basis, the New York-based company said it had net income of 78 cents.
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The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The maker of high-end shoes and handbags posted revenue of $1.51 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.44 billion.
Tapestry expects full-year earnings to be $3.85 to $3.90 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a TPR">Zacks stock report on TPR at https://www.zacks.com/ap/TPR
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