Pursuits
Michael Kors Shares Soar as Overseas Sales Fuel Profit Gain
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Michael Kors Holdings Ltd. rose the most in more than a year after overseas growth helped first-quarter earnings top analysts’ estimates, easing concerns that the company is mired in a slump.
The earnings amounted to 87 cents a share in the period, which ended June 27, the company said in a statement on Thursday. Analysts had estimated 76 cents on average, according to data compiled by Bloomberg.