Michael Kors Holdings (KORS) announced after the close Thursday that it now expects to report second quarter EPS of $0.38 to $0.40, up from prior expectations of $0.33 to $0.35. The company also increased its full year 2013 EPS guidance to between $1.39 and $1.41, from previous guidance of $1.32 to $1.34. The consensus estimates are for EPS of $0.36 and $1.37.
Michael Kors Holdings gapped up sharply Friday and climbed during the first hour of trade, before settling into a range. Shares finished up by 4.86 at $57.35 on above average volume. The stock broke out of a one-month range and set a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.