Tapestry (TPR) gave lackluster guidance early Thursday as Kate Spade challenges persist, offsetting an earnings and revenue beat for the fiscal fourth quarter. Intraday, TPR stock plunged below key levels, setting off a sell signal. The designer handbag, accessories and apparel company's Kate Spade New York brand continued to drag on earnings, outweighing strength in the Coach brand. Tapestry Earnings…
Tapestry Earnings Strong. But Stock Triggers A Sell Signal. Here's Why.
Tapesty earnings jumped 27% and margins also expanded, with China leading growth.
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