Investors Ride Michael Kors Holdings and 4 Earnings Rollercoaster Rides
Michael Kors Holdings (NYSE:KORS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share increased 79.41% to $0.61 in the quarter versus EPS of $0.34 in the year-earlier quarter. Revenue Rose 54.51% to $641 million from the year-earlier quarter.
Michael Kors Holdings reported adjusted EPS income of $0.61 per share. By that measure, the company beat the mean analyst estimate of $0.49. It beat the average revenue estimate of $570.52 million.