Coach Inc. (COH) reported third quarter EPS of $0.68 Tuesday morning, down from $0.84 last year. Analysts expected EPS of $0.61. Net sales were $1.10 billion, a decrease of 7 percent from last year's $1.19 billion. Analysts estimated revenues of $1.13 billion.
Coach gapped open sharply lower Tuesday and is now down 4.30 at $46.12 on above average volume. The stock is now testing the lows of the year, trading at over a 2 1/2 month low.
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