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NEW YORK (AP) — NEW YORK (AP) — Tapestry Inc. (TPR) on Thursday reported fiscal third-quarter profit of $186.7 million.
On a per-share basis, the New York-based company said it had net income of 78 cents.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The maker of high-end shoes and handbags posted revenue of $1.51 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.44 billion.
Tapestry expects full-year earnings to be $3.85 to $3.90 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a TPR">Zacks stock report on TPR at https://www.zacks.com/ap/TPR