UPDATE: Michael Kors Posts Rise In FQ3 Profit, Lifts Outlook

Michael Kors Holdings (NYSE: KORS ) reported a 77% gain in its fiscal third-quarter profit and lifted its forecast for the year. Michael Kors projects full-year earnings of $3.07 to $3.09 per share on revenue of $3.18 billion to $3.19 billion. The company had earlier expected earnings of $2.77