Here's Why Shares of Samsonite are Higher Tuesday

Shares of Samsonite International were higher Tuesday as the company expects an improvement in the second half of the year.
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Shares of Samsonite International (SMSOF) were higher Tuesday as the company expects an improvement in the second half of the year. The company announced a one percent increase in sales in the six months of the year to almost $1.21 billion. But profit fell to $100.3 million amid headwinds, including currency volatility in many of its markets. The group also closed its $1.8 billion purchase of Tumi on August 1. Samsonite's CEO told Bloomberg that he wants to double Tumi's sales to $1 billion within three years.

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