Tapestry shares are trading higher after the company reported better-than-expected Q2 financial results and raised FY24 adjusted EPS guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Tapestry's stock price increased following the announcement of their Q2 financial results, which exceeded expectations. Additionally, the company has uplifted its adjusted EPS guidance for FY24, surpassing analyst estimates.
February 08, 2024 | 5:07 pm
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Tapestry's shares are trading higher due to better-than-expected Q2 financial results and an increase in FY24 adjusted EPS guidance.
Positive earnings reports and upward revisions in earnings guidance are strong indicators of a company's financial health and often lead to an increase in stock price. Tapestry's better-than-expected Q2 results and raised FY24 EPS guidance signal strong performance and optimistic future prospects, likely attracting more investors and boosting the stock price in the short term.
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