NEW YORK (AP) — NEW YORK (AP) — Tapestry Inc. (TPR) on Thursday reported fiscal second-quarter net income of $561.3 million.
The New York-based company said it had net income of $2.68 per share. Earnings, adjusted for one-time gains and costs, were $2.69 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.
The maker of high-end shoes and handbags posted revenue of $2.5 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $2.31 billion.
Tapestry expects full-year earnings to be $6.40 to $6.45 per share.
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