Guidance strong from Michael Kors, shares +3.4%

Michael Kors (KORS) issues strong guidance for Q1 and FY15 on top of its dazzling FQ4 report.

The retailers sees Q1 EPS of $0.78-$0.80 vs. $0.79 and FY15 EPS of $3.85-$3.91 vs. $3.85 consensus.

Shares of KORS are up 3.4% premarket to $99.01.

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