Kohl’s stock up after second-quarter earnings top analyst estimates

Kohl’s Corp. stock KSS, -10.35% was up by 2% in premarket trades Wednesday after the retailer topped its second-quarter profit target, although it said it could miss analyst estimates for its full-year earnings at the low end of its projected range.

Kohl’s said its second-quarter profit dropped to $58 million, or 52 cents a share, from $143 million, or $1.11 a share, in the year-ago quarter. The latest figure handily topped the FactSet consensus estimate of 23 cents a share. Sales by Kohl’s fell by about 4.8% to just under $3.9 billion, ahead of the analyst forecast of $3.76 billion. Looking ahead, Kohl’s expects adjusted 2023 profit of $2.10 to $2.70 a share, compared to the analyst view of $2.38 a share.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Bank of America Corp. stock rises Monday, still underperforms marketShares of Bank of America Corp. inched 0.14% higher to $29.15 Monday, on what proved to be an all-around mixed trading session for the stock market, with the...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

GameStop Corp. Cl A stock rises Monday, still underperforms marketShares of GameStop Corp. Cl A inched 0.65% higher to $18.48 Monday, on what proved to be an all-around mixed trading session for the stock market, with the...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Microsoft Corp. stock outperforms market on strong trading dayShares of Microsoft Corp. inched 0.18% higher to $322.46 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »