Kohl’s Corp.’s earnings decreases in the third quarter and is lower than estimates

WASHINGTON (dpa-AFX) – Kohl’s Corp. (KSS) reported third-quarter earnings that were down from a year ago and below Street estimates.

The company’s profit was $22 million, or $0.20 per share. That compares to $59 million, or $0.53 per share, in the third quarter of last year.

Analysts on average expected a profit of $0.27 per share, according to figures compiled by Thomson Reuters. Analyst estimates generally exclude special items.

The company’s revenue for the quarter fell 8.7% to $3.507 billion from $3.843 billion last year.

Kohl’s Corp. earnings at a glance (GAAP):

-Revenue (Q3): $22 million. against $59 million. last year. -EPS (Q3): $0.20 versus $0.53 last year. -Revenues (Q3): $3.507 billion versus $3.843 billion last year.

-Advice: Full-year EPS forecast: $1.20 to $1.50