Tapestry lifts 2024 profit forecast on China demand rebound, strong margins
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Tapestry (TPR) stock up on FQ2 earnings beat and profit outlook hike
February 8, 2024 7:21 AM ESTTapestry (NYSE: TPR) stock rose 2.6% in premarket trading Thursday after the company unveiled better-than-anticipated earnings and revenue for the fiscal second quarter.
Concretely, the luxury fashion company posted earnings per share (EPS) of $1.63, topping the consensus estimates of $1.46. Quarterly revenue came in at $2.1 billion, also above the expectations of $2.05 billion.
Tapestry reported $824.9 million... More
