Kohl's stock plummets 20% after massive earnings miss

  • 📰 CNBC
  • ⏱ Reading Time:
  • 14 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 72%

Earnings Noticias

Business,Retail Industry,Breaking News: Business

Kohl's shares plummeted more than 20% in early morning trading Thursday after the company posted weaker-than-expected earnings.

shares plummeted more than 20% in premarket trading Thursday after the company posted a surprise loss per share, coming in well below Wall Street's expectations for a slight profit.compared with what Wall Street was expecting, according to a survey of analysts by LSEG:$3.18 billion vs. $3.34 billion expected

Net sales decreased 5.3% to $3.18 billion compared to the year prior, with comparable sales down 4.4%. Kohl's expects full-year diluted earnings per share in the range of $1.25 to $1.85 – far lower than the $2.34 per share that was expected, according to LSEG.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in MX

México Últimas Noticias, México Titulares