Stock Track | Kohl's Soars 5% Intraday as Q3 Earnings Beat and Analysts Raise Targets
Stock Track
Nov 26
Kohl's stock surged 5.08% intraday on Wednesday, continuing its recent rally after the company reported better-than-expected third-quarter results.
The department store chain posted adjusted earnings of $0.10 per share, beating analyst expectations of a $0.20 loss. Revenue of $3.41 billion also exceeded estimates, while comparable sales declined 1.7%.
Kohl's raised its full-year adjusted EPS guidance to $1.25-$1.45, up significantly from its previous forecast of $0.50-$0.80. The improved outlook and earnings beat prompted multiple analysts to raise their price targets on the stock.
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