What Happened? Shares of luxury fashion conglomerate Tapestry (NYSE:TPR) fell 12.7% in the morning session after the company reported third-quarter results that fell short of high investor expectations. The luxury fashion firm announced revenue of $1.70 billion and GAAP earnings of$1.28 per share, surpassing analyst forecasts. This performance was supported by a 21% year-on-year increase in constant currency revenue, a measure that excludes the impact of foreign exchange fluctuations. Based on the strong ...