Michael Kors (KORS) Pops Higher Following Rosier Outlook
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Michael Kors Holdings (NYSE: KORS) is en fuego in late trading Thursday after the higher-end retailer boosted expectations for the second-quarter and fiscal 2012.
Kors sees Q2 diluted earnings per share to be in the range of $0.38 to $0.40 as compared to its previous guidance of $0.33 to $0.35. FY12 EPS should be in the range of $1.39 to $1.41 as compared to its previous guidance of $1.32 to $1.34.
The Street is at $0.36 and $1.37, respectively.
Shares are up about 3.6 percent in late trading. For an update on sales on comps, click here.
Kors sees Q2 diluted earnings per share to be in the range of $0.38 to $0.40 as compared to its previous guidance of $0.33 to $0.35. FY12 EPS should be in the range of $1.39 to $1.41 as compared to its previous guidance of $1.32 to $1.34.
The Street is at $0.36 and $1.37, respectively.
Shares are up about 3.6 percent in late trading. For an update on sales on comps, click here.
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