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Benzinga
Benzinga
Business
Adam Eckert

Why Capri Holdings Stock Is Trading Higher

CAPRI Capri Holdings Ltd NYSE

Capri Holdings Ltd (NYSE:CPRI) shares are trading higher Wednesday after the company reported better-than-expected financial results, issued earnings guidance above analyst estimates and announced a buyback.

Capri said fiscal fourth-quarter revenue increased 24.6% year-over-year to $1.49 billion, which beat the estimate of $1.41 billion, according to data from Benzinga Pro. The company reported quarterly earnings of $1.02 per share, which beat the estimate of 82 cents per share.

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