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Why Kohl's Stock Dropped 5% Today

TheMotleyFool

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Today brings good news and bad news -- but mostly bad news -- for Kohl's (NYSE: KSS) stock shoppers. The stock is down 5.3% in noonday trading (EDT) after investors took a look at Q2 earnings results released this morning and declared them "mixed."

On the plus side, Kohl's beat estimates for the quarter, reporting profits of $1.51 per diluted share and pro forma profits of $1.55. (Analysts were looking for only $1.53). Sales likewise exceeded expectations, coming in at $4.4 billion where analysts had been looking for only $4.2 billion.

Image source: Getty Images.

Source Fool.com

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