Canada Goose target raised to C$88 from C$52 at Credit Suisse

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Corrected

Canada Goose stock soars after wide earnings, revenue beats

Shares of Canada Goose Holdings Inc. are up 27% in Friday trading after the maker of down jackets and other cold-weather gear reported fourth-quarter results that beat expectations. The company posted net income of C$8.1 million, or 7 cents a share, after a loss of C$23.4 million, or 23 cents a share, a year ago. Adjusted earnings per share rose to 9 cents a share, after a 15-cent loss per share a year earlier. Analysts tracked by FactSet had been expecting an adjusted net loss of 9 cents. Canada Goose reported revenue of C$124.8 million, up from C$51.1 million a year ago and ahead of the FactSet consensus expectation for C$78.9 million. The stock is up 179% over the past 12 months, compared with a 14% gain for the S&P 500 .

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