Tuesday’s biggest gaining and declining stocks

Palm Beach, FL 6/12/12 (StreetBeat) – The following stocks are some of the most active in U.S. trading on Tuesday:

Gainers

Central European Media (Nasdaq:CETV) shares rose 7.1%. The company reported a successful tender offer on Wednesday morning.

Michael Kors Holdings Inc. (NYSE:KORS) shares rose 5.3% on Tuesday. The fashion firm said Tuesday its fourth-quarter profit increased to $43.6 million, or 22 cents a share, from $13.6 million, or 10 cents a share, in the year-ago period.

Decliners

FactSet Research (NYSE:FDS) fell more than 9% after the provider of financial data reported third-quarter revenue that fell short of most analysts’ estimates.

TeleNav Inc. (Nasdaq:TNAV) shares fell as much ast 6%, to $5.40 on Tuesday after Robert W. Baird analyst William Power cut his rating on the navigation-software maker to underperform from neutral, and sliced his target price on the stock to $4 a share from $8.

Verifone (NYSE:PAY) shares gave up nearly 7% after the company said a jury had ruled against the company in a patent infringement case.

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Michael Kors (NYSE: KORS) Soars 13% on 4Q Results, Bullish '12 View

Shawshank, VA 6/12/12 (StreetBeat) -- Michael Kors (NYSE:KORS) revealed fourth-quarter earnings and full-year guidance on Tuesday that blew away Wall Street’s expectations, sending shares of the clothing designer and apparel maker surging 13%.

The newly-public company said it earned $43.6 million, or 22 cents a share, last quarter, compared with a profit of $17.4 million, or 10 cents a share, a year earlier. Excluding one-time items, it earned 21 cents a share, topping consensus calls from analysts for just 16 cents.

Revenue soared 58% to $380 million, easily surpassing the Street’s view of $360.6 million. Retail net sales surged 80.3% to $172.2 million. Same-store sales leaped 36.1%.

CEO John Idol said the company’s North American same-store sales climbed 37.2%, reflecting “strong demand for the Michael Kors luxury brand, our exciting assortment of fashion merchandise and our exceptional jet-set in-store experience.”

Wall Street cheered as Michael Kors issued bullish guidance, projecting full-year EPS of $1.08 to $1.12 on sales of $1.7 billion to $1.8 billion. Even the low end of that range would exceed estimates from analysts for EPS of 98 cents on $1.69 billion in revenue.

For the current quarter, management sees same-store sales jumping 35%, translating to EPS of 18 cents to 20 cents and revenue of $360 million to $370 million. Those figures compare favorably with the Street’s view for EPS of 17 cents on sales of $323.98 million.

“Michael Kors unique fashion designs continue to resonate with customers globally and we believe that our company has tremendous opportunity for future growth,” Idol said.

Shares of Michael Kors, which went public last December, leaped 12.34% to $42.89 ahead of Tuesday’s opening bell, putting them on pace to tack on to their impressive 2012 rally of 40%.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Michael Kors (NYSE: KORS) Skyrocketing On Sparkling 2012 Forecast

Northern, WI 2/14/12 (StreetBeat) – Michael Kors (NYSE: KORS) is living the good life. And that’s not expected to change.

Shares spiked nearly 25% in early morning trading Wednesday to record highs after the luxury retailer said rampant growth would continue.

Michael Kors expects fiscal year revenue to reach between $1.27 billion to $1.28 billion—a year ago, it posted $757.8 in net sales. The company anticipates 83 cents to 85 cents earnings per share, excluding a charge.

In this quarter, revenue should range between $350 to $355 million, with 10 to 12 cents EPS.

“These results reflect the strong demand for the Michael Kors luxury brand, our exciting assortment of fashion merchandise and our exceptional jet-set in-store experience,” CEO and Chairman John Idol said in a statement. “We are uniquely positioned to continue to build our global, luxury lifestyle brand and we have tremendous opportunity for growth.”

This forecast comes off a strong fiscal third quarter. Revenue jumped 67.9% to 373.6 million from a year ago. Michael Kors has opened 75 stores since last year, driving a 82.9% jump in retail net sales to $199.4 million. Whole net sales rose too, some 55% at $154.6 million.

When Michael Kors went public in December—a debut where it priced above its initial range and saw stock rise 25% in first-day trading—it took a $15.9 million equity compensation charge. This sagged fiscal third-quarter profit a bit, by 8 cents a share.

Excluding the charge, net income was $53.6 million or 28 cents EPS, towering above last year’s $27.8 million or 16 cents EPS.

Another luxury retailer, watch-maker Fossil, announced strong results Wednesday. Fossil’s revenue rose across all markets, gaining 18.5% to $830.8 million. Sales in America, Europe, and China all expanded by double-digits. Fossil earned $117.9 million or $1.87 EPS, a 27% increase from the previous year.

Fossil also expects to flourish in 2012. Sales should grow by 15% in both this quarter and for the year. First quarter EPS should range between 90 to 92 cents; for year, EPS should range from $5.40 to $5.50.

The luxury market has been strong in recent months—beating back fears that a depressed macroeconomic situation would force shoppers to scrap upmarket purchases.

Ralph Lauren turned in stronger than expected quarterly results, as did Coach. One notable expection was True Religion, which saw its stock plummeting nearly 30% last week. Analysts though suggest that the market overracted to True Religion’s results. Liz Claiborne reports later this month.

Michael Kors was at $42.04 in early morning trading.

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