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Kohl's 2Q profit stays nearly flat

Published on NewsOK Modified: August 14, 2014 at 6:27 am •  Published: August 14, 2014
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MENOMONEE FALLS, Wis. (AP) — Kohl's Corp. (KSS) on Thursday reported net income that stayed nearly flat in its fiscal second quarter, and topped analysts' expectations.

The Menomonee Falls, Wisconsin-based company reported net income of $232 million, or $1.13 per share, compared with $231 million, or $1.04 per share, in the same quarter a year ago. The average estimate of analysts surveyed by Zacks Investment Research was for profit of $1.07 per share.

The department store operator said revenue dropped 1 percent to $4.24 billion from $4.29 billion in the same quarter a year earlier, and missed Wall Street forecasts. Analysts expected $4.3 billion, according to Zacks.

Kohl's shares have fallen $1.64, or nearly 3 percent, to $55.11 since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 5 percent. However, the stock has increased $3.89, or roughly 8 percent, in the last 12 months.

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This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full KSS report: http://www.zacks.com/ap/KSS

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Keywords:Kohl's,Earnings Report


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