LONDON (AP) — LONDON (AP) — Capri Holdings Limited (CPRI) on Wednesday reported a loss of $645 million in its fiscal fourth quarter.
On a per-share basis, the London-based company said it had a loss of $5.44. Losses, adjusted for one-time gains and costs, came to $4.90 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The luxury retailer posted revenue of $1.03 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $982.8 million.
For the year, the company reported a loss of $1.18 billion, or $10 per share. Revenue was reported as $4.44 billion.
For the current quarter ending in June, Capri Holdings said it expects revenue in the range of $765 million to $780 million.
The company expects full-year earnings to be $1.20 to $1.40 per share, with revenue ranging from $3.3 billion to $3.4 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 CPRI at https://www.zacks.com/ap/CPRI
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