Coach Inc Q1 Earnings Decline 22%

(RTTNews) - Coach Inc (COH) released a profit for first quarter that decreased from last year.

The company said its profit dropped to $113.1 million, or $0.41 per share. This was lower than $145.8 million, or $0.53 per share, in last year's first quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.0% to $1.03 billion. This was down from $1.04 billion last year.

Coach Inc earnings at a glance:

-Earnings (Q1): $113.1 Mln. vs. $145.8 Mln. last year. -Earnings Decline (Y-o-Y): -22.4% -EPS (Q1): $0.41 vs. $0.53 last year. -EPS Decline (Y-o-Y): -22.6% -Analysts Estimate: $0.40 -Revenue (Q1): $1.03 Bln vs. $1.04 Bln last year. -Revenue Change (Y-o-Y): -1.0%