Stock Track | Capri Holdings Plunges 5.41% Pre-Market Despite Q4 Earnings Beat as Q1 Revenue Guidance Disappoints

Stock Track05-27

Capri Holdings Ltd (CPRI) shares fell 5.41% in pre-market trading on Wednesday, a sharp reversal from earlier gains following the release of its fourth-quarter financial results.

The luxury fashion company reported adjusted earnings per share of $0.22 for the fiscal fourth quarter, beating the analyst consensus estimate of $0.11. However, revenue for the quarter declined 3.7% to $796 million, slightly below expectations.

The pre-market plunge appears driven by the company's guidance for the current quarter. Capri Holdings forecast first-quarter revenue of about $750 million, which fell short of analyst estimates of $790.9 million, despite projecting earnings per share of $0.40, above the expected $0.31.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment