Company News: Kohl's (KSS) quarterly earnings miss analysts’ forecast

Market news

19 November 2019

Company News: Kohl's (KSS) quarterly earnings miss analysts’ forecast

Kohl's (KSS) reported Q3 FY 2019 earnings of $0.74 per share (versus $0.98 in Q3 FY 2018), missing analysts’ consensus estimate of $0.86.

The company’s quarterly revenues amounted to $4.625 bln (+5.9% y/y), beating analysts’ consensus estimate of $4.397 bln.

The company also issued downside guidance for FY 2019, projecting EPS of $4.75-4.95 vs. analysts’ consensus estimate of $5.19 and its prior guidance of $5.15-5.45.

KSS fell to $51.01 (-12.65%) in pre-market trading.

NZD/USD expected to remain in a consolidative fashion – UOB

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