11:56 AM EST, 02/05/2025 (MT Newswires) -- (Updates to include Capri Holdings' ( CPRI ) recent stock movement in the headline and the first paragraph.)

Capri Holdings ( CPRI ) shares were down more than 13% in recent Wednesday trading after the company reported lower fiscal Q3 adjusted earnings and revenue.

The company reported fiscal Q3 adjusted earnings of $0.45 per diluted share, down from $1.20 a year earlier, missing the consensus among analysts polled by FactSet for $0.66.

Revenue for the quarter ended Dec. 28 was $1.26 billion, compared with $1.43 billion a year earlier. The Street was expecting $1.26 billion.

The company expects revenue for fiscal 2025 of about $4.4 billion. Analysts polled by FactSet expect $4.51 billion.

Price: 20.80, Change: -3.23, Percent Change: -13.44