Kohl's 3Q net income rises 2 pct, cuts FY guidance

Associated Press Modified: November 8, 2012 at 11:15 am •  Published: November 8, 2012

Analysts expect fourth-quarter higher earnings of $2.16 per share on $6.44 billion in revenue.

Based on those expectations and its results for the year-to-date, Kohl's said it now expects to post a fiscal 2012 profit of $4.52 to $4.60 per share, down from its previous prediction of $4.50 to $4.65 per share.

Analysts expect higher earnings of $4.62 per share.

Kohl's shares fell $2.30, or 4.2 percent, to $52.02 in midday trading Thursday. They are 22 percent above their 52-week low of $42.72 in late June. They traded as high as $56.66 almost a year ago.

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