Revenue Update on Kate Spade & Co(NYSE:KATE)

Kate Spade & Co(NYSE:KATE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $319.69M. Analysts estimated a revenue of $318.26M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.14.

In a different note, William Blair said it Initiates Coverage on Kate Spade & Co, according to a research note issued on Jul 12, 2016. The shares have been rated ‘Outperform’ by the firm.

Kate Spade & Co (KATE) made into the market gainers list on Fridays trading session with the shares advancing 1.83% or 0.34 points. Due to strong positive momentum, the stock ended at $18.95, which is also near the day’s high of $19.2. The stock began the session at $18.31 and the volume stood at 46,84,092 shares. The 52-week high of the shares is $26.46 and the 52 week low is $15.1. The company has a current market capitalization of $2,426 M and it has 12,80,26,593 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 13, 2015, Doreen A Toben (director) sold 594 shares at $29.04 per share price.

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. The Company operates through three segments: KATE SPADE North America KATE SPADE International and Adelington Design Group. KATE SPADE North America segment consists of the Company’s kate spade new york KATE SPADE SATURDAY and JACK SPADE brands in North America. KATE SPADE International segment consists of the Company’s kate spade new york KATE SPADE SATURDAY and JACK SPADE brands in International markets. Adelington Design Group segment consists of exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands; the wholesale apparel and wholesale non-apparel operations of the licensed LIZWEAR brand and other brands and the licensed LIZ CLAIBORNE NEW YORK brand. The Company operates specialty retail stores outlet stores and concession stores.

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