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Michael Kors Holdings tops Street 1Q forecasts

LONDON (AP) -- Michael Kors Holdings Ltd. (KORS) on Thursday reported fiscal first-quarter earnings of $174.4 million.

On a per-share basis, the London-based company said it had net income of 87 cents.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The luxury retailer posted...