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The company beat narrowly on the topandbottom lines, and beat estimates on its key iPad and iPhone products, but saw margins come in below expectations.
Frankfort noted the company's strong results reflect the increasing recognition of the Coach brand globally as well as a positive consumer response to the product offerings, and he said the company should continue to report solid results on the topandbottom lines through a combination of global productivity gains and distribution growth.
Shares in Barrick Gold fell hard on Thursday after the company posted earnings that revealed a topand bottom-line miss, lower guidance on gold production and higher cash cost forecasts.