kors

Midday Market Minute: Michael Kors Shares Jump to Lifetime High

Shares of Michael Kors, Fossil, and Avon Products all opened sharply higher on Tuesday after the companies posted encouraging quarterly results. The strong reports show that consumers are starting to warm up to the luxury goods that were hard to justify when the economy was sputtering.

Midday Market Minute: Michael Kors Shares Jump To Lifetime High

Fashion company Michael Kors Holdings Ltd 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 on the New York Stock Exchange.