Kohl’s Corporation (NYSE: KSS) will aim higher

Kohl's Corporation (NYSE: KSS) profits will lead to a bullish trend

In brief: Kohl's Corporation (NYSE: KSS) quarterly reporting has surpassed expectations of analysts.

Kohl’s Corporation (NYSE: KSS) starts trading around 47.78 points. Pre-market for the company’s shares held negative: -1.34 (-2.80%). The analysts hope for Kohl’s Corporation shares rise.

The network operator Kohl’s department stores reported an increase in net profit for the second quarter with $ 229 million, or 75 cents a share to $ 260 million, or 84 cents per share. Sales for the period under review rose by 7.7% to $ 4.1 billion, analysts on average expected earnings of 82 cents per share and sales of $ 4.09 billion, however, despite the positive dynamics of indicators that forecast the company’s profit for the third quarter at 57-63 cents per share to fall short of analysts’ expectations of 74 cents per share.

Ukrainian Globalist
2010-08-12 13:15, Economics.

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