Investing.com - Tapestry (NYSE:TPR) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tapestry announced earnings per share of $0.51 on revenue of $1.27B. Analysts polled by Investing.com anticipated EPS of $0.3039 on revenue of $1.21B.
Tapestry shares are up 55.76% from the beginning of the year, still down 1.98% from its 52 week high of $49.39 set on May 3. They are outperforming the S&P 500 which is up 10.96% from the start of the year.
Tapestry follows other major Consumer Cyclical sector earnings this month
Tapestry's report follows an earnings beat by Tesla on April 26, who reported EPS of $0.93 on revenue of $10.39B, compared to forecasts EPS of $0.7651 on revenue of $10.48B.
Sony ADR had beat expectations on April 28 with fourth quarter EPS of $0.7932 on revenue of $20.38B, compared to forecast for EPS of $0.354 on revenue of $19.6B.
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