Tapestry reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.4 on revenue of $1.36B. Analysts polled by forecast EPS of $0.37 on revenue of $1.37B. That compared to EPS of $0.48 on revenue of $1.38B in the same period a year earlier. The company had reported EPS of $0.61 on revenue of $1.51B in the previous quarter.
Tapestry follows other major Consumer Cyclical sector earnings this month
On October 30, Volkswagen Pref ADR reported third quarter EPS of $0.84 on revenue of $68.32B, compared to forecasts of EPS of $0.71 on revenue of $63.52B.
Sony ADR earnings beat analysts' expectations on October 30, with second quarter EPS of $1.4 on revenue of $19.63B. analysts expected EPS of $1.13 on revenue of $20.19B
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