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Michael Kors lifts full-year revenue forecast, shares soar

August 8, 2017 by  
Filed under News

(Reuters) – Michael Kors Holdings Ltd reported better-than-expected profit for the first quarter as it cut down on promotions and sold more premium handbags, and lifted its full-year revenue forecast, sending the company’s shares up as much as 22 percent.


Source: Reuters Business News

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