UPDATE: Michael Kors Posts Surge In Q3 Profit

Michael Kors Holdings Ltd

posted a rise in its third-quarter profit. Michael Kors' quarterly profit climbed to $39 million, or $0.20 per share, from $27.8 million, or $0.16 per share, in the year-ago period. Michael Kors' revenue surged 68% to $373.6 million. Michael Kors shares surged 14.58% to $38.51 in pre-market trading.