Kohl's beats 2Q profit forecasts

Markets Associated Press

Kohl's Corp. (KSS) on Thursday reported fiscal second-quarter profit of $208 million.

Continue Reading Below

The Menomonee Falls, Wisconsin-based company said it had profit of $1.24 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The department store operator posted revenue of $4.14 billion in the period, which met Street forecasts.

Kohl's shares have decreased 15 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 11 percent. The stock has climbed 11 percent in the last 12 months.

_____

Continue Reading Below

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

_____

Keywords: Kohl's, Earnings Report