Kohl's beats Street 4Q forecasts

MarketsAssociated Press

Kohl's Corp. (KSS) on Thursday reported fiscal fourth-quarter profit of $468 million.

On a per-share basis, the Menomonee Falls, Wisconsin-based company said it had net income of $2.81. Earnings, adjusted for pretax gains, came to $1.87 per share.

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The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.

The department store operator posted revenue of $6.78 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $6.74 billion.

For the year, the company reported profit of $859 million, or $5.12 per share. Revenue was reported as $19.1 billion.

Kohl's expects full-year earnings to be $4.95 to $5.45 per share.

Kohl's shares have increased 22 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 1.5 percent. The stock has increased 55 percent in the last 12 months.

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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