Coach beats 4Q profit forecasts


Coach Inc. (COH) on Tuesday reported fiscal fourth-quarter revenue of $151.7 million.

On a per-share foundation, the New York-based mostly firm stated it had revenue of fifty three cents. Earnings, adjusted for non-recurring features, got here to 50 cents per share.

The outcomes exceeded Wall Road expectations. The typical estimate of 14 analysts surveyed by Zacks Funding Analysis was for earnings of forty nine cents per share.

The posh purse maker posted income of $1.thirteen billion within the interval, which fell in need of Road forecasts. Eight analysts surveyed by Zacks anticipated $1.15 billion.

For the yr, the corporate reported revenue of $591 million, or $2.09 per share. Income was reported as $four.forty nine billion.

Coach shares have risen 37 % because the starting of the yr, whereas the Commonplace & Poor’s 500 index has risen 10 %. The inventory has risen 22 % within the final 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing knowledge from Zacks Funding Analysis. Entry a Zacks inventory report on COH at https://www.zacks.com/ap/COH



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