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Kate Spade (KATE) Stock Climbs Ahead of Earnings Release

NEW YORK (TheStreet) -- Kate Spade & Co. (KATE - Get Report) shares are advancing 0.52% to $19.51 on Wednesday ahead of the company's third quarter fiscal 2015 earnings results due out before the market opens on Thursday.

Both profits and revenue are expected to grow year-over-year.

For the latest quarter, analysts are anticipating the fashion company to earn 4 cents a share on revenue of $280.02 million.

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During this period the year before, the company reported no profits on revenue of $250.42 million.

It appears that the company's results will be helped by its solid brand portfolio, diverse business model and efforts to enhance its operating margins, according to Zacks Equity Research.

Separately, TheStreet Ratings team rates KATE SPADE & CO as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their...


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