** 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))
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