Investing.com - Tapestry (NYSE:TPR) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tapestry announced earnings per share of $1.15 on revenue of $1.69B. Analysts polled by Investing.com anticipated EPS of $0.9906 on revenue of $1.62B.
Tapestry shares are up 11.33% from the beginning of the year, still down 2.40% from its 52 week high of $35.45 set on January 12. They are outperforming the S&P 500 which is up 1.97% from the start of the year.
Tapestry follows other major Consumer Cyclical sector earnings this month
Tapestry's report follows an earnings missed by Tesla on January 27, who reported EPS of $0.8 on revenue of $10.74B, compared to forecasts EPS of $1.02 on revenue of $10.47B.
Louis Vuitton ADR had beat expectations on January 27 with fourth quarter EPS of $2 on revenue of $17.29B, compared to forecast for EPS of $1.82 on revenue of $17.42B.
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