Why Michael Kors Holdings Stock Soared Today

Shares of Michael Kors Holdings (NYSE: KORS) surged Tuesday morning after the luxury fashion giant posted a better-than-expected fiscal first-quarter 2018 earnings report, and lifted its full-year guidance.

As of 12:50 p.m. EDT, the stock was up 21.6%.

Image source: Michael Kors.

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Source: Fool.com