Coach Inc. (COH) on Tuesday reported fiscal fourth-quarter earnings of $11.7 million.
On a per-share basis, the New York-based company said it had profit of 4 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 31 cents per share.
Continue Reading Below
The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The luxury handbag maker posted revenue of $1 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $970.5 million.
Coach shares have declined 19 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 2 percent. The stock has decreased roughly 10 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 COH at http://www.zacks.com/ap/COH
Keywords: Coach, Earnings Report