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Tapestry Earnings, Revenue beat in Q1

Investing.com - Tapestry reported first quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.

The firm reported earnings per share of $0.48 on revenue of $1.38B. Analysts polled by Investing.com anticipated EPS of $0.45 on revenue of $1.35B. That compared to EPS of $0.42 on revenue of $1.13B in the same period a year earlier. The company had reported EPS of $0.6 on revenue of $1.48B in the previous quarter.

For the year, Tapestry shares are down 7.75%, under-performing the S&P 500 which is down 1.58% year to date.

Tapestry follows other major Consumer Cyclical sector earnings this month

On October 24, Tesla (NASDAQ:TSLA) reported third quarter EPS of $2.9 on revenue of $6.82B, compared to forecasts of EPS of $-0.03 on revenue of $6.05B.

Illinois Tool Works (NYSE:ITW) earnings beat analyst's expectations on October 24, with third quarter EPS of $1.9 on revenue of $3.61B. Investing.com analysts expected EPS of $1.88 on revenue of $3.72B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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