Tapestry Boosts FY24 EPS Outlook; Declares Dividend - Update

RTTNews | 612 dni temu
Tapestry Boosts FY24 EPS Outlook; Declares Dividend - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, Tapestry, Inc. (TPR) raised its earnings guidance for the full year 2024, while maintaining annual revenue outlook.

For fiscal 2024, the company now projects earnings in a range of $4.20 to $4.25 per share on revenues of approximately $6.7 billion, with constant currency revenue growth of about 2 percent.

Previously, the company expected earnings in the range of $4.10 to $4.15 per share on revenues approximately $6.7 billion, with constant currency revenue growth of about 2 to 3 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.12 per share on revenue of $6.73 billion for the year. Analysts' estimates typically exclude special items.

The Company's Board of Directors also declared a quarterly cash dividend of $0.35 per common share, payable on March 25, 2024 to shareholders of record as of the close of business on March 8, 2024.

Further, Tapestry continues to expect to return approximately $325 million to shareholders through dividend payments for an anticipated annual dividend rate of $1.40 per share, an increase of 17% from prior year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Tapestry Boosts FY23 Outlook; Raises Dividend 20% - Update

Tapestry Boosts FY23 Outlook; Raises Dividend 20% - Update

While reporting financial results for the third quarter on Thursday, Tapestry, Inc. (TPR) raised its earnings and revenue guidance for the full year 2023, due to its outperformance in the third fiscal quarter.
RTTNews | 885 dni temu
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market trading on Monday, adding to the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to the 8,900.00 level, with weakness across most sectors led by energy and technology stocks. Gold was the only bright spot.
RTTNews | 40 minut temu
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, amid renewed U.S.-China trade war after US President Donald Trump threatened to massively increase tariffs on China in retaliation for China's expansive export curbs on its rare earth minerals, which are essential for manufacturing and technology.
RTTNews | 1g 15 minut temu
Indonesia Shares Likely To Open Under Water On Monday

Indonesia Shares Likely To Open Under Water On Monday

The Indonesia stock market has moved higher in two straight sessions, collecting more than 90 points or 1.1 percent along the way. Now at a fresh record closing high, the Jakarta Composite Index sits just beneath the 8,260-point plateau although it's overdue for profit taking on Monday.
RTTNews | 2g 46 minut temu
Hong Kong Shares Tipped To Open Under Pressure On Monday

Hong Kong Shares Tipped To Open Under Pressure On Monday

The Hong Kong stock market had moved lower in five straight sessions, shedding almost 1,000 points or 3.6 percent along the way. The Hang Seng Index now sits just above the 26,290-point plateau and it may extend its slide on Monday.
RTTNews | 3g 1 minut temu
China Stock Market May Take Further Damage On Monday

China Stock Market May Take Further Damage On Monday

The China stock market on Friday snapped the three-day winning streak in which it had climbed more than 100 points or 2.6 percent. The Shanghai Composite Index now rests just beneath the 3,900-point plateau and it's tipped to open in the red again on Monday.
RTTNews | 3g 16 minut temu
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably lower on Monday, adding to the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling a tad below the 8,900.00 level, with weakness across most sectors led by energy and technology stocks. Gold was the only bright spot.
RTTNews | 3g 18 minut temu