Kohl's Corp. (NYSE:KSS) saw its shares dive in premarket trade after its third quarter results failed to meet market’s expectations.
In a statement, the retailer said that in the quarter, net income came in at US$117.0mln, or 70 US cents per share, lower from the US$146.0mln or 83 US cents per share, reported the year before.
READ: Kohl's to handle Amazon returns in selected stores
Market consensus was for 72 US cents per share.
Same store sales higher
In the same quarter, revenue stood at US$4.33bn, unchanged from the year before and in line with Wall Street’s expectations.
Same-store sales rose 0.1% during the quarter, which was way above market consensus of a 0.7% decline.
The retailer has lifted its full year 2017 EPS guidance to US$3.72 - US$3.92, and adjusted EPS of US$3.60 to US$3.80 from the previous guidance of US$3.50 - US$3.80 per share for EPS and adjusted EPS of US$3.76.
In premarket trade, its shares were down 7.23% at US$37.84.