Pursuits
Michael Kors Shares Soar as Holiday Quarter Tops Estimates
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Michael Kors Holdings Ltd. shares rose the most in almost four years after holiday results exceeded analysts’ estimates, boosted by e-commerce sales and a new lineup of accessories.
Earnings climbed to $1.59 a share in the fiscal third quarter, which ended Dec. 26, the London-based company said in a statement on Tuesday. Analysts estimated $1.46 on average, according to data compiled by Bloomberg.