MENOMONEE FALLS, Wis. — Kohl’s Corp. (KSS) on Thursday reported fiscal third-quarter profit of $117 million.

The Menomonee Falls, Wisconsin-based company said it had profit of 70 cents per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The department store operator posted revenue of $4.33 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.3 billion.

Kohl’s expects full-year earnings in the range of $3.60 to $3.80 per share.

Kohl’s shares have fallen 17 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 16 percent. The stock has dropped 7 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KSS at https://www.zacks.com/ap/KSS

Author photo
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.