Shares of Michael Kors (KORS) slump 6.1% in premarket trading after the firm's guidance shows a...

|About: Michael Kors Holdings (KORS)|By:, SA News Editor

Shares of Michael Kors (KORS) slump 6.1% in premarket trading after the firm's guidance shows a pace of growth below expectations. Analysts had the luxury retailer lined up for FY13 revenue of $1.98B, above the forecast that came in from the company of $1.86B-$1.96B. Notable Calls expects a vigorous defense from bulls, but warns valuation questions are now teed up. Also on watch: Coach (COH), Ralph Lauren (RL), PVH.