UPDATE: Michael Kors Posts Rise In Q4 Profit, Issues Upbeat Forecast

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Michael Kors Holdings Ltd (NYSE: KORS) reported a rise in its fourth-quarter profit. Michael Kors posted its quarterly profit at $43.6 million, or $0.22 per share, versus $13.6 million, or $0.10 per share, in the year-earlier period. Its adjusted profit came in at $0.21 per share. Revenue climbed to $380 million from $240 million. However, analysts were expecting earnings of $0.16 per share on revenue of $361 million. Michael Kors projects Q1 profit of $0.18 to $0.20 per share. It also expects FY13 profit of $1.08 to $1.12 per share. Analysts were projecting earnings of $0.17 per share for the first quarter and $0.98 per share for the year.Michael Kors shares surged 12.02% to $42.77 in pre-market trading.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!