Earnings, Revenue Beat Consensus
Michael Kors earned $0.21 a share in its fourth quarter on revenue of $380 million. Analysts had expected $0.16 and $360 million, respectively. Guidance was also strong, and KORS is higher by 14 percent on my tradeMONSTER platform.
A123 Gets a Charge From New Batteries
A123 Systems has had problems with its electric-car batteries in extreme heat or cold, but now says its newer models will operate much more efficiently at high or low temperatures. AONE, which has struggled to remain above $1 a share, pops 18 percent before the bell.
Einhorn Still Likes Seagate
Seagate Technology is getting accumulated by David Einhorn's Greenlight Capital. The fund now owns 5.4 percent of the computer hard-drive maker, up from 3.4 percent at the end of the first quarter. STX was up almost 4 percent before the bell but has since cut those gains.
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Audiocast: 3-way bet on Michael Kors
May 7, 2013
Chris McKhann analyzes a three-way call spread that is looking for shares of the upscale fashion retailer to run higher by expiration in mid-June.
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