Retail

    Kohl's misses earnings expectations for Q3

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    Kohl’s Corp. (NYSE:KSS) reported a profit of $22 million, or 20 cents per share, for its fiscal third quarter on Tuesday.

    However, the results fell short of Wall Street analysts' expectations.

    Analysts surveyed by Zacks Investment Research had projected earnings of 27 cents per share for the period.

    The department store chain also missed revenue forecasts, posting $3.71 billion in sales for the quarter.

    Analysts had anticipated revenue of $3.84 billion, according to a consensus estimate compiled by Zacks.

    Despite the disappointing quarterly results, Kohl’s provided an outlook for the full year, forecasting earnings between $1.20 and $1.50 per share.

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