Kohl's stock drops after earnings beat expectations but full-year outlook withdrawn

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Kohl's withdraws earnings guidance

Shares of Kohl's Corp. KSS, -7.08% dropped 4.0% in premarket trading Thursday, after the department store chain reported fiscal third-quarter profit and revenue above expectations, but withdrew its full-year outlook citing"significant" macroeconomic headwinds and the unexpected transition of its chief executive officer. Net income for the quarter to Oct. 29 fell to $97 million, or 82 cents a share, from $243 million, or $1.65 a share, in the year-ago period.

and Tom Kingsbury was appointed interim CEO. The stock has dropped 12.2% over the past three months through Wednesday, while the S&P 500 SPX, -0.83% has declined 7.4%.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités