Actionable news
0
All posts from Actionable news
Actionable news in KORS: MICHAEL KORS HOLDINGS LIMITED,

Michael Kors: Take That Coach!

Michael Kors (KORS) has recently been considered an also-ran in its battle for the handbag market, lagging Coach (COH), which apparently could do no wrong. But with today's earnings, Kors demonstrated that perhaps its not out of the game just yet.

Kors reported a fiscal first-quarter profit of 80 cents a share, beating forecasts for 62 cents, on sales of $054.2 million, ahead of estimates for $919 million. Kors also said it would earning between $3.62 and $3.72 a share in 2017, up from its previous guidance of a range between $3.57...


More