PREMARKET ALERT: Coach (COH)

Posted in General 
July 28th, 2009

Coach Inc. (NYSE: COH) shares are down 4.6 percent to $27.11 on early premarket volume as of 8 a.m. Eastern. Not much has traded, but the stock could see a volume spike after the retailer reported earnings that were just in line with analyst expectations of 43 cents a share; this despite at least one Wall Street firm raising estimates days before the company’s report. Revenue fell 0.5 percent from a year earlier, also in line with expectations. — Mike Tarsala

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