All looks posed on Michael Kors

Wet Seal Inc. shares rose after hours Tuesday after the teen apparel retailer released an

outlook that topped Wall Street estimates. Guess, Michael Kors and Tiffany & Co. were the main market movers, especially after hours and in the Asian markets.

Wet Seal (WTSL) shares advanced 4.2 percent to 4.69 dollars in moderate volume, reported ‘MarketWatch’. The retailer forecast second-quarter earnings of break-even to 2 cents a share on revenue of 138 million to 141 million dollars, ahead of analysts’ consensus. Wet Seal also oscillated to a first-quarter profit of 3.1 million pounds.

Shares of Wet Seal Inc. (WTSL: Quote) rose more than 4 percent in after-hours trading after the women's apparel retailer gave an upbeat outlook for the second quarter.

Meanwhile, all looks were on both Michael Kors and Guess, which will be releasing their last results on Wednesday and Thursday respectively. Guess posted a positive earnings surprise of 10.5 percent, stressed analysts at Zacks.

Analysts in Wall Street expect earnings of 0.39 dollars per share on revenues of 544.71 million dollars for Michael Kors. However, the consensus analysts’ outlook for the next quarter performance is rather negative: over the past three months, the average estimate for next quarter’s earnings has fallen slightly while the average estimate for the whole year is a profit of 1.86 dollars per share. Michael Kors Holdings was trading at a rise in aftermarket hours, up 1.89 dollars at 61.98 dollars.

Still in Wall Street, Tiffany & Co., traded up by 3.01 dollars to a close of 79.22 dollars. The high-end jewelry company reported a 3 percent rise in first-quarter net income on higher sales.