Kors (KORS), Tiffany (TIF) Move to Lows as LVMH Misses Views

October 15, 2013 12:13 PM EDT
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Michael Kors (NYSE: KORS) and Tiffany & Co. (NYSE: TIF) are both at session lows following quarterly results from LVMH Moet Hennessy Louis Vuitton SA (OTCBB: LVMUY).

LVMH reported Q3 revs of €7.02 billion, while consensus views called for €7.24 billion. Overall organic sales growth was 8 percent, though analysts were looking for about 10 percent.

Kors is down 0.7 percent while Tiffany is off 0.5 percent.

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