Michael Kors Holdings Ltd
The company, named after its founder Michael Kors who is one of the judges on the long-running TV fashion show Project Runway, also said it expects a fourth-quarter profit of 10 cents to 12 cents a share.
Analysts were looking for 11 cents a share, according to Thomson Reuters I/B/E/S.
Michael Kors, which sells fashion accessories, footwear and apparel, reported a third-quarter profit of $39 million, or 20 cents a share, compared with $27.8 million, or 16 cents a share, a year ago.
Revenue rose 68 percent to $373.6 million.
The company, which competes with companies such as Coach
Michael Kors shares were up 20 percent at $40.26 in early trading on Tuesday on the New York Stock Exchange. Earlier in the session, the stock touched $41.30, its highest since it started trading in December.
(Reporting by Meenakshi Iyer in Bangalore; Editing by Maju Samuel)