Tapestry: Fiscal Q1 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Tapestry Inc. (TPR) on Thursday reported fiscal first-quarter profit of $360 million.

The New York-based company said it had net income of $1.76 per share. Earnings, adjusted for non-recurring costs, were $1.82 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.

The maker of high-end shoes and handbags posted revenue of $1.89 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.84 billion.

Tapestry expects full-year earnings in the range of $8.25 to $8.35 per share, with revenue in the range of $8.5 billion to $8.6 billion.

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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