Tapestry shares are trading lower following a Q3 revenue miss.
Portfolio Pulse from Benzinga Newsdesk
Tapestry shares are trading lower due to a Q3 revenue miss, indicating a potential short-term negative impact on the stock.
May 09, 2024 | 1:58 pm
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Tapestry's stock is trading lower after missing Q3 revenue expectations, suggesting a bearish outlook in the short term.
Missing quarterly revenue benchmarks can lead to a decrease in investor confidence and a negative perception of the company's financial health, potentially causing a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100