Michael Kors Impresses
Posted on August 14, 2012 at 17:04 PM EDT
Michael Kors Holdings Ltd. (NYSE: KORS) reported sharply higher first quarter revenue and earnings of 34 cents per share compared with 13 cents per share in the year ago period that surpassed analyst expectations by a wide margin, forecast current quarter results ahead of estimates and lifted its full year guidance. Shares of the apparel and accessories company leaped $6.98 to close at $49.33.
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