Midday Market Minute: Michael Kors Shares Jump To Lifetime High

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By Siddharth Cavale

Feb 12 (Reuters) – Fashion company Michael Kors Holdings Ltd (KORS) raised its full-year forecast after handily beating Wall Street estimates for its third-quarter results with the help of strong sales of luxury items in North America and Europe during the holidays.

The results sent the company’s shares up 13 percent to a lifetime high of $64.80 on the New York Stock Exchange.

Comparable-store sales rose 41 percent in North America during the holiday quarter, while…

Midday Market Minute: Michael Kors Shares Jump To Lifetime High originally appeared on DailyFinance.com on 2013-02-12T11:30:00Z.

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