for earnings and revenue and lowering its full year guidance. The tractor manufacturer reported adjusted earnings of $2.71 per share on $8.97 billion in revenue, missing Wall Street's estimates of $2.85 per share and $9.39 billion in revenue, according to Refinitiv.
The stock was already down 13% for the month, and Rob Wertheimer of Melius Research told CNBC the lowered guidance "wasn't too bad."— Shares of Tapestry rebounded on Friday morning, gaining 3.6% after hitting 52-week lows the day before. Bernstein maintained its outperform rating on the stock, lowering its near-term earnings estimates for the company by 13% but saying "valuation with a long-term view remains compelling, if the brands are not broken.
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