Tapestry Inc
Stocks making the biggest moves premarket: Disney, Cisco, ASML, Tapestry and more
Check out the companies making headlines before the bell. Disney – Shares popped more than 9% after the company’s fiscal fourth-quarter results beat analysts’ estimates . For the period, Disney earned $1.14 per share, after adjustments, on revenue of $22.57 billion. That’s above earnings of $1.10 per share on revenue of $22.45 billion that analysts […]
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Capri and Tapestry abandon plans to merge, citing regulatory hurdles
A pedestrian walks past a Michael Kors store on August 10, 2023 in Chicago, Illinois. Scott Olson | Getty Images Capri and Tapestry called off their merger on Thursday after the megadeal was blocked by the Federal Trade Commission. The two U.S.-based luxury houses “mutually agreed” that terminating the merger was in their best interests […]
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Wall Street expects Trump presidency will unlock deal-making
Key Points Wall Street dealmakers and corporate leaders expect the flood gates to open on merger and acquisition activity after President-elect Donald Trump takes office in January. Deal-making has slowed in recent years, largely due to high interest rates, soaring company valuations and a tight regulatory environment. Kroger’s takeover of Albertsons and Tapestry’s proposed acquisition […]
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Steve Madden to slash China sourcing by as much as 45% as Trump’s tariff plan looms
The logo of the label Steve Madden at the fashion fair Premium. ens Kalaene | Picture Alliance | Getty Images Steve Madden said Thursday that it will slash the goods it imports from China by as much as 45% over the next year as it braces for President-elect Donald Trump to carry out his pledge […]
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Election next week holds big implications for stock market, especially the control of Congress
A split or united government coming out of a consequential U.S. presidential election next week could hold the key to how stocks perform going forward. The Nov. 5th election is set to remove a critical overhang for markets, which have had trouble pricing in a victory for either former President Donald Trump or Vice President […]
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Stocks making the biggest moves midday: Tapestry, Capri, L3Harris Technologies and more
Check out the companies making headlines in midday trading: Tapestry , Capri — Shares of Tapestry rallied more than 14%, while Capri’s stock tumbled 47%. The sharp moves come after a judge ruled in favor of the Federal Trade Commission’s case to block Tapestry’s acquisition of Capri . L3Harris Technologies — Shares rose 3.5% after […]
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Stocks making the biggest moves premarket: Deckers Outdoor, Capital One, Capri, Skechers and more
Check out the companies making headlines in premarket trading. Deckers Outdoor — The maker of Ugg and Hoka jumped 14% following its big earnings beat. Deckers posted earnings of $1.59 per share, topping the $1.24 a share expected from analysts polled by LSEG. Revenue was $1.31 billion, well above the $1.20 billion consensus estimate. Digital […]
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CNBC Daily Open: In this time of uncertainty, logic is driving market moves
Close-up of Tesla Motors logo against a bright blue sky in Pleasanton, California, July 23, 2018. Smith Collection | Gado | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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Stocks making the biggest moves after hours: Dexcom, Capri, Skechers, Capital One and more
Check out the companies making headlines in extended trading. Dexcom — Shares slid nearly 7%, despite the manufacturer of diabetes management devices posting a third-quarter adjusted earnings and revenue beat. Dexcom also reaffirmed full-year revenue guidance that encompassed FactSet’s estimate. L3Harris Technologies — The defense stock climbed 4% after posting a third-quarter beat on both […]
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Judge blocks Coach owner Tapestry’s proposed acquisition of Michael Kors owner Capri
Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson | Getty Images A federal judge blocked Tapestry’s acquisition of Capri on Thursday following a brief trial last month in New York. In her order, Judge Jennifer Rochon granted the Federal Trade Commission’s motion for a preliminary injuction to block the proposed […]
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