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Actionable news in KORS: MICHAEL KORS HOLDINGS LIMITED,

Apparel Stocks to Watch for Earnings on Aug 8: KORS, RL

The Q2 earnings season is gradually nearing its end with nearly 87% of the S&P 500 companies already having announced their results. Although the bulk of earnings releases have already come from different sectors, a significant number of retailers are yet to post their financial results.

Per the Earnings Trends as of Aug 4, out of the 420 S&P 500 members that have come up with their quarterly numbers, approximately 74.3% have posted positive earnings surprises while 68.3% have surpassed the revenue estimates. According to the report, the overall earnings of these S&P 500 companies are up 11.6% from the prior-year period, while revenues have increased 5.6% year over year.

Additionally, earnings for the total S&P 500 companies are expected to grow 10% from the year-ago period, while revenues will rise 5.1%. In the first quarter, earnings of S&P 500 companies increased 13.3%, while revenues rose 7%, which is the highest growth rate in nearly two years.

Per the latest...


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