Michael Kors Holdings (KORS) reported fourth quarter net income of $0.50 per share Wednesday morning, up from $0.22 per share last year. The consensus estimate was for EPS of $0.39. The company expects to report first quarter EPS of $0.46 to $0.48 and between $2.43 and $2.47 for the full year 2014. The consensus estimates are for EPS of $0.47 and $2.44.
Michael Kors has risen above Wednesday's early range in the last few minutes and is now up 1.68 at $63.66 on above average volume. The stock has risen to a 3-month high and is approaching the highs of the year, around $65.00 per share.
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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.