Tapestry Q1 Adj $0.93 Beats $0.90 Estimate, Sales $1.51B Miss $1.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tapestry (NYSE:TPR) reported Q1 earnings of $0.93 per share, beating the analyst consensus estimate of $0.90 by 3.33%. However, the company's quarterly sales of $1.51 billion missed the analyst consensus estimate of $1.53 billion by 1.42%.
November 09, 2023 | 11:46 am
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NEUTRAL IMPACT
Tapestry's Q1 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Tapestry's earnings beat could boost investor confidence, but the sales miss might offset this positive sentiment. The net impact on the stock price could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100