Why Capri Holdings Stock Was Climbing Today
Shares of Capri Holdings (NYSE: CPRI) were gaining today after the Michael Kors parent delivered a better-than-expected second-quarter earnings report in spite of headwinds from the COVID-19 pandemic. Though revenue in the quarter fell sharply, the company still posted a solid adjusted profit for the period.
As of 11:17 a.m. EST, the stock was up 8.3%.
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Source Fool.com
