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Kohl's Tops 1Q Profit Forecasts

Kohl's Corp. on Thursday reported fiscal first-quarter earnings of $127 million. The results beat Wall Street expectations.
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  • Associated Press

MENOMONEE FALLS, United States — Kohl's Corp. on Thursday reported fiscal first-quarter earnings of $127 million.

The Menomonee Falls, Wisconsin-based company said it had profit of 63 cents per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The department store operator posted revenue of $4.12 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $4.18 billion.

Kohl's shares have increased 22 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 2 percent. The stock has climbed 33 percent in the last 12 months.

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