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Coach’s Q4 Profit and Revenue Beat View (COH)

Luxury handbag maker Coach, Inc. ( COH ) on Tuesday posted better-than-expected fiscal fourth quarter profits and revenue.

The New York-based company reported fiscal fourth quarter net income of $202.48 million, or 68 cents per share, compared with $195.53 million, or 64 cents per share, in the year-ago period.

Net sales rose more than 8% from last year to $1.03 billion.

On average, Wall Street analysts expected a smaller profit of 65 cents per share, on lower revenue of $1.01 billion.

Looking ahead, Coach CEO Lew Frankfort commented, "Entering fiscal 2012, we remain confident in our growth prospects and ability to drive sales and earnings per share at a double-digit pace, given the current strength of the Coach business and our increasing global expansion."

Coach shares fell 80 cents, or -1.2%, in premarket trading Tuesday.

The Bottom Line

Shares of Coach ( COH ) have a 1.38% dividend yield, based on last night's closing stock price of $65.29. The stock has technical support in the $60-$61 price area. The stock is trading near all-time highs of $69 a share.

Coach, Inc. ( COH ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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