Michael
Kors Holdings Ltd. (NYSE: KORS) reported higher fourth quarter revenue and earnings of 90 cent per diluted share compared with 78 cents per diluted share in the year ago period
but the results fell short of analyst expectations and the retailer
forecast 2016 results below estimates. The stock price plummeted $14.66 to close at $45.93.
Michael Kors falls short
May 27, 2015 at 17:53 PM EDT