** Michael Kors-owner Capri Holdings <CPRI.N> rises 4% to $20.25 in premarket trade

** Co posts smaller-than-expected drop in Q1 revenue

** CPRI net revenue fell 6% to $797 million, below analysts' estimate of 25.7% decline to $793.1 million, according to data compiled by LSEG

** Posts adjusted earnings per share of 50 cents, beating estimates of 13 cents

** As of last close, stock down 13.58% YTD

(Reporting by Anshi Sancheti in Bengaluru)

((Anshi.Sancheti@thomsonreuters.com))