Wall Street wants more from Coach
August 16, 2017
Profits at Coach nearly doubled in the second quarter, but shares of the luxury handbag company fell 14 percent. Investors reacted to Coach’s projections that revenues would grow 30 percent and earnings would increase by $2.40 per share for the year. Analysts had expected a 35 percent increase in sales and earnings per share to reach $2.49 per share.
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