Michael Kors Holdings (KORS) reported fourth quarter net income of $0.22 per share Tuesday morning, up from $0.10 per share in the previous year. The consensus estimate was for EPS of $0.16. The company expects to report first quarter EPS of $0.18 to $0.20 and between $1.08 and $1.12 for the full year. The consensus estimates are for EPS of $0.17 and $0.98.
Michael Kors Holdings gapped open higher Tuesday, but traded in a range for the bulk of the session. Shares finished up by 2.92 at $41.10 on strong volume. The stock rose to a 2-week high and re-crossed its 50-day moving average.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.