From The Motley Fool · Eric Volkman · · 40s
Capri Holdings Stock Surges
Capri Holdings stock jumps 7.33% after beating earnings estimates.
In brief
Capri Holdings stock jumps 7.33% after beating earnings estimates. Capri Holdings stock rose 7.33% following a quarterly earnings report that exceeded analyst expectations. Originally reported by The Motley Fool.
Stock surge after earnings
Capri Holdings stock rose 7.33% on Monday following a quarterly earnings report that exceeded analyst expectations.
Earnings report details
The company reported a non-GAAP net income of $45 million and revenue of $809 million for fiscal 2027's second quarter.
Analyst reactions
Goldman Sachs raised its target to $24 from $18 while Barclays increased its target to $24 from $19.
Fashion line performance
Jimmy Choo performed well while Michael Kors is in turnaround mode with cost-cutting measures underway.
The short version
Capri Holdings stock rose 7.33% following a quarterly earnings report that exceeded analyst expectations.
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