11/19, 1:20 PM (Source: TeleTrader)
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Chart for: Kohl's Corporation

Kohl's shares dive over 10% on earnings miss

Kohl’s shares took a blow in premarket trade on Tuesday after the retailer posted weaker-than-expected earnings for the third quarter of fiscal 2019. The company failed to meet analysts' expectations on all major metrics, including revenue, earnings per share and same-store sales. Kohl's top line landed at $4.36 billion, missing estimates by $0.4 billion, whereas its EPS amounted to $0.74 versus $0.86 expected. Same-store sales marked a 0.4% growth, while analysts expected it to grow by 0.8%.

Kohl's shares dipped 11.15% at 7:17 am ET. Since the beginning of the year, the company's stock lost 11.97% of the value.

Breaking the News / GG