MENOMONEE FALLS, Wis. (AP) — MENOMONEE FALLS, Wis. (AP) — Kohl’s Corp. (KSS) on Tuesday reported fiscal third-quarter net income of $8 million.
On a per-share basis, the Menomonee Falls, Wisconsin-based company said it had profit of 7 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.
The department store operator posted revenue of $3.58 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $3.49 billion.
Kohl’s expects full-year earnings in the range of $1.25 to $1.45 per share.
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