Michael Kors beats Q4 estimates

Luxury handbag retailer Michael Kors (KORS) reported better-than-expected Q4 results, aided by the company’s strategy of product innovation. During the quarter, the company posted earnings of $0.29 per share, compared with a net loss of $0.17 a year earlier. Excluding items, the company earned $0.63 a share, beating analysts’ expectation of $0.60 a share. Revenue … Continue reading Michael Kors beats Q4 estimates