Tapestry (TPR) Q2 Earnings & Revenues Surpass Estimates

Tapestry (TPR) Q2 Earnings & Revenues Surpass Estimates
Tapestry, Inc. TPR posted better-than-expected second-quarter fiscal 2018 results. The adjusted earnings of $1.07 per share beat the Zacks Consensus Estimate of 86 cents, thereby resulting in a positive earnings surprise of 24.4% and marking the 16th straight quarter of earnings beat. The quarterly earnings improved 42.7% year over year buoyed by top-line growth. Net sales of this New York-based... Read More

Itau Unibanco (ITUB) Q4 Earnings Impressive, Costs Escalate

Itau Unibanco (ITUB) Q4 Earnings Impressive, Costs Escalate
Itau Unibanco Holding S.A. ITUB posted recurring earnings of R$6.3 billion ($1.9 billion) in fourth-quarter 2017, up 8.6% year over year. Including non-recurring items, net income came in at R$5.8 billion ($1.8 billion), up 5.5% year over year. Results displayed lower provisions and a solid balance-sheet position. Lower revenues, elevated expenses and reduced managerial financial margin were headwinds. Therefore, investors... Read More