Kohl's tops Street 3Q forecasts

Markets Associated Press

Kohl's Corp. (KSS) on Thursday reported fiscal third-quarter earnings of $146 million.

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On a per-share basis, the Menomonee Falls, Wisconsin-based company said it had profit of 83 cents. Earnings, adjusted for non-recurring gains, came to 80 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The department store operator posted revenue of $4.33 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $4.28 billion.

Kohl's expects full-year earnings in the range of $3.80 to $4 per share.

Kohl's shares have decreased 4 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 6 percent. The stock has climbed roughly 4 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KSS at https://www.zacks.com/ap/KSS

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Keywords: Kohl's, Earnings Report