Michael Kors Soars On Earnings (EL, NSM, SORL, KORS, MCP)

Estee Lauder Companies Inc (NYSE:EL) stock climbed 7.93% to $59.31 after the company’s fourth quarter profit increased 25% from last year, reflecting improved margins and sales growth across its product categories and geographic regions.

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The company posted fourth quarter net earnings of $51.2 million or $0.13 per share, as compared to $41.1 million or $0.10 per share in the prior-year quarter. Adjusted net earnings rose about 40% to $69.2 million or $0.17 per share from $49.7 million or $0.12 per share in the year-ago quarter. Net sales for the quarter increased 9% to $2.25 billion from $2.06 billion in the same quarter last year. Analysts expected the company to report earnings of $0.16 per share on revenue estimate of $2.21 billion.

Nationstar Mortgage Holdings Inc (NYSE:NSM) stock gained 5.06% to $26.60 after the company reported second quarter 2012 net income of $36.3 million, or $0.41 per share, as compared to $1.7 million or $0.02 per share in the second quarter of 2011. Pro-forma earnings for the latest-quarter were $0.44 per share. Total revenues for the quarter rose to $200.05 million from $82.20 million in the same quarter last year.

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Sorl Auto Parts, Inc. (NASDAQ:SORL) stock fell 3.86% to $1.99 after the company reported a second quarter profit of $3 million, or $0.16 a share, as compared with earnings of $5 million, or $0.26 a share, in the same quarter a year earlier. Sales fell 15% to $52.1 million. Analysts had most recently forecast earnings of $0.18 a share on revenue of $52.9 million.

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Molycorp, Inc. (NYSE:MCP) shares fell 1.97% to $11.99 in the early hour after Standard & Poor's lowered its ratings on Molycorp two notches further into junk territory and placed its ratings on watch with developing implications.

S&P downgraded the company's rating to triple-C-plus, seven levels into junk territory, from B. To resolve the company's CreditWatch listing, S&P will monitor the company's funding requirements, actions taken to improve liquidity and spending related to the completion of the Mountain Pass mining operation.

Michael Kors Holdings Ltd (NYSE:KORS) shares jumped 15.11% to $48.73 in the morning hour after the company reported a first quarter profit of $68.6 million, or $0.34 a share, as compared with $24.1 million, or $0.13 a share, in the same quarter a year earlier. Revenue jumped 71% to $414.9 million. The company had previously predicted earnings of $0.18 to $0.20 a share on revenue of $360 million to $370 million.

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