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Kohl's shares jump after earnings beat, guidance raised

Kohl's Corp. KSS, +2.83% stocks jumped 5% in Tuesday premarket buying and selling after the retailer reported first-quarter earnings that beat expectancies and raised its full-year steering. Net source of revenue for the quarter totaled $75 million, or 45 cents according to percentage, up from $66 million, or 39 cents according to percentage, remaining yr. Adjusted EPS was once 64 cents. Revenue was once $four.21 billion, up from $four.07 billion remaining yr. The FactSet consensus was once for EPS of 50 cents and income of $3.95 billion. Same-store gross sales grew 3.6%, exceeding FactSet expectancies for 2.6% enlargement. Kohl's now expects fiscal 2018 EPS of $four.86 to $5.31 and changed EPS of $5.05 to $5.50, up from earlier adjusted EPS steering of $four.95 to $5.45. The FactSet consensus is $5.23. Kohl's stock is up 20.7% for the yr to this point, outpacing the S&P 500 index SPX, +zero.74% which is up 2.2% for the duration.