Coach Inc. (NYSE:COH) was profitable and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Net income increased 1.53% to $352.8 million ($1.23 per diluted share) in the quarter versus a net gain of $347.5 million in the year-earlier quarter. Revenue rose 3.54% to $1.5 billion from the year-earlier quarter.
Coach Inc. reported adjusted net income of $1.23 per share. By that measure, the company missed the mean analyst estimate of $1.28. It missed the average revenue estimate of $1.6 billion.