Kohls Corp reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Kohls Corp announced earnings per share of $-3.2 on revenue of $2.43B. Analysts polled by anticipated EPS of $-1.57 on revenue of $2.48B. That with comparison to EPS of $0.61 on revenue of $3.82B in the same period a year before. Kohls Corp had reported EPS of $1.99 on revenue of $6.54B in the previous quarter. Analysts are expecting EPS of $-0.25 and revenue of $3.09B in the upcoming quarter.
Kohls Corp shares are down 63% from the beginning of the year , still down 70.66% from its 52 week high of $64.15 set on May 20, 2019. They are under-performing the S&P 500 which is down 8.96% year to date.
Kohls Corp follows other major Services sector earnings this month
Kohls Corp's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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