NEW YORK (AP) _ Tapestry Inc. (TPR) on Tuesday reported fiscal second-quarter earnings of $63.2 million.
The New York-based company said it had net income of 22 cents per share. Earnings, adjusted for pretax expenses, came to $1.07 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The maker of high-end shoes and handbags posted revenue of $1.79 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $1.77 billion.
Tapestry expects full-year earnings to be $2.52 to $2.60 per share, with revenue in the range of $5.8 billion to $5.9 billion.
Tapestry shares have risen roughly 2 percent since the beginning of the year. The stock has increased 22 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TPR at https://www.zacks.com/ap/TPR
Automated Insights, source Associated Press News