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Coach (COH) Stock Pops as Earnings Beat Estimates

NEW YORK (TheStreet) -- Coach (COH - Get Report) stock is higher by 5.84% to $32.09 in early morning trading on Tuesday, following the release of the company's financial results for the fiscal 2016 first quarter.

The New York City-based luxury apparel brand reported earnings of 41 cents per share, down from 53 cents per share for the year ago period.

Revenue declined by 0.8% year over year, to $1.03 billion from $1.04 billion in the fiscal 2015 first quarter. The drop in revenue is the smallest the company has reported in more than two years, according to Bloomberg.

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