This week is another busy one for second quarter earnings season, as Wall Street waits to hear results from a range of retailers, such as Michael Kors Holdings Ltd., Fossil Group Inc. and Ralph Lauren Corp.
Michael Kors Holdings Ltd. (NYSE:KORS) is forecast to report fiscal first-quarter earnings of 49 cents per share on revenue of $570.52 million, compared with earnings of 34 cents per share on revenue of $414.87 billion in the year-ago quarter, according to analysts polled by Reuters.
As of 3:10 p.m. Eastern, shares of Michael Kors Holdings fell 1.21 percent to $67.97.
Fossil Group Inc. (Nasdaq:FOSL) also reports earnings Tuesday, and Wall Street expects second quarter earnings of 93 cents on revenue of $691.20 million, according to Reuters. The company booked earnings of 92 cents on revenue of $636.10 million in the year-ago period.
Shares of Fossil Group dropped 6.02 percent to $107.44 in afternoon trade.
Ralph Lauren Corp (NYSE: RL) reports fiscal first quarter results on Wednesday, and analysts expect the retailer to issue EPS of $1.92 on revenue of $1.65 billion for the quarter, according to Zacks Investment Research.
Shares of Ralph Lauren edged up 0.13 percent to $188.27.
As of 3:14 p.m., the Dow Jones Industrial Average fell 47.06 points, or 0.3 percent, to 15,611.30. The S&P 500 Index was down 3.30 points, or 0.19 percent, to 1,706.38. The Nasdaq Composite Index fell 1.95 points, or 0.05 percent, to 3,687.64.