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Michael Kors (KORS) Stock Soaring as Earnings Top Estimates

NEW YORK (TheStreet) -- Michael Kors Holdings (KORS - Get Report) stock is jumping 7.62% to $42.50 on Thursday morning after the luxury lifestyle brand earlier today announced its fiscal 2016 first quarter results that topped analysts' estimates.

For the latest quarter, the company reported earnings of 87 cents per share on revenue of $986 million.

Analysts had expected earnings of 75 per share on revenue of $944 million.

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In the same period the previous year, the company earned 91 cents per share on revenue of $919.2 million.

"Our first quarter...


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