Kohl’s Beats, Offers Muted Outlook
Zacks.com submits:
Kohl’s Corp. (KSS) reported fiscal 2009 fourth-quarter results before the opening bell on Thursday. The company posted net income of $431 million or $1.40 per share, compared to $336 million or $1.10 per share in the year-earlier quarter. Quarterly earnings also topped the Zacks Consensus Estimate of $1.37 per share. However, Kohl’s offered a conservative outlook for the first quarter of fiscal 2010, with earnings expected to range between 48 cents and 52 cents per share. The guidance is below the Zacks Consensus Estimate of 54 cents per share, which reduced by 2 cents over the past month as 4 analysts lowered while 1 raised expectations. Shares of Kohl’s have gained more than 3.5% in morning trading Thursday.Complete Story »
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