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U.S. Day Ahead: Michael Kors expected to post strong quarter

Tuesday, May 28, 2013 - 01:42

May 28 - High-end retailer Michael Kors is set to report earnings that beat analysts’ estimates for the fourth quarter.

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Expect Michael of course to post strong quarterly profits and they report on Wednesday. The retailer has posted blistering sales since it went public two years ago Michael horse sales shot up 70% of the holiday quarter. And analysts have become more optimistic in their outlook for the company its stock has more than tripled since its debut -- is up more than 16%. Since the start of the year. What which analysts expect profits to beat the street consensus and to keep outperforming big to quote accessible luxury brand day. Aggressive store expansion and global presence. -- energy giant ExxonMobil and Chevron will field questions on the controversial practice of tracking at their annual shareholder meetings. As the debate over fracking gains more attention Chevron shareholders will weigh in on whether the company should take a close look. I didn't extraction and gas from -- Exxon also faces of -- proposal from shareholders. The Obama administration recently revealed proposal for regulating hydraulic fracturing on federal land. Raping an older proposal after criticism from environmentalists. We April numbers for apple and the lull before the launch of the iPhone 5 as a means a Mets for of Fargo technologies. That's what bring capital analysts expect for the chipmaker which counts apple as a major customer. Listen for any news from a -- executives on product cycles and a possible increase in market share in wireless. And wired communications business about the stock is up nearly 5% since the start of the year. Follow us on Twitter writer is a fighter get more of our video that Reuters dot com slash -- TV I'm putting this as.

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U.S. Day Ahead: Michael Kors expected to post strong quarter

Tuesday, May 28, 2013 - 01:42