Tapestry, Inc. Q2 adjusted earnings Beat Estimates

Tapestry, Inc. (TPR) revealed earnings for its second quarter that climbed from the same period last year.

The company's earnings totaled $311.0 million, or $1.11 per share. This compares with $298.8 million, or $1.08 per share, in last year's second quarter.

Excluding items, Tapestry, Inc. reported adjusted earnings of $323.0 million or $1.15 per share for the period.

Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.1% to $1.69 billion from $1.82 billion last year.

Tapestry, Inc. earnings at a glance:

-Earnings (Q2): $323.0 Mln. vs. $303.5 Mln. last year.
-EPS (Q2): $1.15 vs. $1.10 last year.
-Analysts Estimate: $1.01
-Revenue (Q2): $1.69 Bln vs. $1.82 Bln last year.

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