Investing.com - Coach Inc's (NYSE:COH) shares were falling on Tuesday after the company announced fourth quarter earnings that just topped expectations while revenue was a miss and the company offered a lower-than-expected outlook.
The company earned 50 cents per share on revenue of $1.13 billion. The EPS result topped expectations by a penny and while revenue rose 6% year-over-year, it fell below the $1.51 billion analysts were expecting.
Coach is projecting full-year fiscal 2018 earnings per share between $2.35 and $2.40, below Thomson Reuters expectations of $2.49 per share. The fiscal year 2018 revenue is expected to fall in the range of $5.8 billion to $5.9 billion, below estimates of $6 billion.
Coach announced on July 11 that it completed its acquisition of Kate Spade.
Coach's shares were down over 14% in afternoon trade.