Reuters: Hot Stocks: Coach third-quarter results beat Wall Street expectations

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Coach third-quarter results beat Wall Street expectations Apr 23rd 2013, 11:20 April 23 | Tue Apr 23, 2013 7:20am EDT April 23 (Reuters) - Upscale leather goods maker and retailer Coach Inc reported better-than-expected quarterly results, helped by higher sales in North America. Coach shares were up 9 percent in premarket trading. Overall revenue rose 7 percent to $1.19 billion in the third quarter, beating the average analyst forecast of $1.18 billion, according to Thomson Reuters I/B/E/S. Sales at stores open at least a year in North America, its biggest market by far, rose 1 percent. Net income rose to $239 million, or 84 cents per share, for the quarter ended March 30 from $225 million, or 77 cents per share, a year earlier.

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