Why Kohl's Stock Is Skyrocketing Today
Shares of Kohl's (NYSE: KSS) are jumping on Wednesday, up 23% as of 3:43 p.m. ET. The jump comes as the S 500 and the Nasdaq Composite both had modest gains.
The Wisconsin-based retailer reported its second-quarter earnings, revealing that while sales continue to shrink, it was able to beat Wall Street's expectations for the quarter.
In its most recent quarter, Kohl's delivered earnings of $0.56 per share on sales of $3.35 billion, when Wall Street had expected $0.29 cents per share on $3.32 billion in sales.
Source Fool.com
