Former Nuveen chief equity strategist and senior portfolio manager Bob Doll discusses how worried investors should be about the markets in the coming months.
MENOMONEE FALLS, Wis. – Kohl’s Corp. on Thursday reported fiscal first-quarter net income of $14 million, after reporting a loss in the same period a year earlier.
STOCK FUTURES POINT TO FOURTH STRAIGHT DAY OF LOSSES
On a per-share basis, the Menomonee Falls, Wisconsin-based company said it had a profit of 9 cents. Earnings, adjusted to extinguish debt, were $1.05 per share.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| KSS | KOHL’S CORP. | 53.44 | -6.81 | -11.30% |
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
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The department store operator posted revenue of $3.89 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $3.57 billion.
Kohl’s expects full-year earnings in the range of $3.80 to $4.20 per share.
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Kohl’s shares have risen 48% since the beginning of the year, while the S&P’s 500 index has climbed almost 10%. The stock has more than tripled in the last 12 months.
