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Kohl’s tops Street
Kohl’s Corp. beat analysts’ expectations for the second quarter even as its sales continued to show weakness. The retailer posted a profit of $140 million, or 77 cents a share for the quarter ended July 30, compared with $130 million, or 66 cents a share, in the year-ago period. Excluding certain items, earnings rose to $1.22 a share from $1.07 a year ago. Revenue fell 2% to a better-than-expected $4.18 billion. Same-store sales fell 1.8%. -
Nordstrom feeling bullish
Nordstrom Inc. on Thursday reported second quarter earnings that exceeded Wall Street estimates, and also lifted its full-year earnings outlook. The upscale department store profit’s fell to $117 million, or $0.67 per share, from $211 million or $0.1.09 per share in the year-ago period. Analysts had expected earnings of $0.56 per share.

