November 6, 2019 / 11:41 AM / 14 days ago

Capri reports near 8% fall in quarterly adjusted profit

Nov 6 (Reuters) - Michael Kors owner Capri Holdings Ltd reported a 7.8% fall in second-quarter adjusted net income on Wednesday, blaming higher expenses and protests in Hong Kong.

The company's adjusted net income fell to $177 million, or $1.16 per share, in the quarter ended Sept. 28, from $192 million, or $1.27 per share, a year earlier.

Total revenue rose to $1.44 billion from $1.25 billion, matching analysts' average estimates, according to IBES data from Refinitiv. (Reporting by Aditi Sebastian in Bengaluru; Editing by Maju Samuel)

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