Investors appeared upbeat on Kohl’s Corp. on the heels of its better-than-expected fourth-quarter financial results.The Menomonee Falls, Wis.-based company delivered adjusted earnings per share of $1.99, beating analysts’ estimates of $1.88, on profits of $265 million. Revenues for the same period ended Feb. 1 rose 4.5% to $6.83 billion, also trouncing expectations of $6.52 billion, while same-store sales were flat, versus a forecasted drop of 0.1%.As of 9:00 a.m. ET, shares for Kohl’s were up about 5%. Looking ahead, Kohl’s is calling for earnings per share in the range of $4.20 and $4.60 and comps between a 1% loss and …read more
Source:: Yahoo Finance
